China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]
Weak consumption trajectory into Q1!
Treasuries pared earlier losses after the December income report showed cooling in income, a drop in spending, and deceleration in the annual measures of inflation. The numbers support the well-expected step down in the FOMC’s rate hikes to 25 bps on February 1. However, the headline and core rates were […]
More on China’s priority for the recovery and expansion of domestic consumption
I’ve been posting on stimulus efforts coming out of China, most recently these: PBOC wants to boost domestic demand, expand consumption And, yesterday these: 1. policy support for the economy: 2. A potential bounce out of COVID: 3. Seasonal demand: 4. More property market support (some sources are reporting this as “China is reportedly mulling […]