China's Economic Stimulus Outlook

This chapter delves into the upcoming NDRC meeting in China, focusing on the urgency to achieve a 5% growth target and potential $2 trillion fiscal stimulus intended to revitalize consumption and address local government debt. It analyzes the mixed reactions from the market, driven by high-frequency data from the Golden Week holiday, while expressing skepticism about the effectiveness of current policies. The discussion underscores the importance of restoring investor confidence and the credibility of the Chinese government through strategic handling of economic crises, particularly in the housing sector.