Under the Banyan Tree by HSBC Global Research
Live from HSBC Hong Kong
Aug 31, 2023
Live from HSBC Hong Kong, Jing Liu, Michelle Kwok, and Frank Lee discuss the state of the Chinese economy, optimism in China's growth despite recent data, implications of weaker growth in China for the region, developments in Southeast Asian equity markets, temple hunting in Indonesia, supply chain relocation in ASEAN, and the rise of artificial intelligence in the tech world.
25:07
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Quick takeaways
- Despite pessimism, China's economy shows resilience with growth rate higher than many countries.
- Chinese housing market faces challenges but there is potential for a transition towards sustainable growth model.
Deep dives
China's Economy Still Shows Bright Spots Amidst Pessimism
Despite the pessimism surrounding the Chinese economy, there are still bright spots indicating resilience. The growth rate, though lower than previous years, remains higher than many other countries. The service sector has shown strong performance, with clear data supporting growth in service retail sales and other high-frequency indicators. China's EV sector has also experienced significant growth. These positive indicators suggest that the current situation in China may not be as dire as perceived.
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