In Conversation with GROW – January 2024 edition
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In this episode of our monthly China update, Richard Tang, China Strategist and Head Research Hong Kong at Julius Baer, speaks with Hong Hao, Partner and Chief Economist at GROW Investment Group to discuss recent developments in the Chinese market. The key event last December was the Central Economic Working Conference, which sets the policy direction for this year. How should we interpret the takeaways? What will economic policies look like this year? After every Central Economic Working Conference, economists look towards the economic targets that could be set during the Two Sessions in March. What are our GDP growth expectations for 2024 and where could the bright spots be? Market observers are concerned that we may be having a triple dip in the economy. What would be the likelihood of rate cuts or reserve requirement ratio (RRR) cuts to keep deflation at bay? How strong does monetary policy need to be to avoid a liquidity trap like Japan experienced? Finally, what can policymakers do to restore confidence in the market? Listen to this episode to gain a deeper understanding of these topics and stay informed about the latest updates for the Chinese market.
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