Bloomberg Daybreak: Asia Edition China's 'Two Sessions' Kick Off Ahead of Trump Tariff Barrage
Mar 4, 2025
Shehzad Qazi, COO at China Beige Book International, shares insights on China's crucial 'Two Sessions,' discussing potential stimulus and growth targets amidst rising national debt. Patrick Kennedy, Founding Partner at AllSource Investment Management, analyzes the impact of Donald Trump's impending tariffs on market trends. Together, they explore China's cautious shift to consumer-driven growth, the challenges posed by trade tensions, and the resilience of the property market, painting a complex picture of economic recovery and uncertainty.
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Market Focus on China's Two Sessions
- Markets are interested in the stimulus package China will unveil at the Two Sessions meetings.
- They also want to know about fiscal and budget deficits for the coming year.
China's Growth Target
- China's new 5% growth target seems unrealistic, similar to the previous 6.8% target.
- Markets should be skeptical, according to Shehzad Qazi.
China's Debt Dilemma
- China needs to increase spending to meet its growth target.
- However, they are hesitant to accumulate more debt.