"Market consensus has become that the Chinese economy will pick up after mid-year given the growing number of data indicating that the economy has bottomed out.
AMO believes otherwise; given limited scope for the Beijing government to expand fiscal spending and monetary easing, and the extent of downward pressure on the economy, we believe it is difficult to be optimistic about the Chinese economy."
Read the full report here:
pdf AMO Insight "Questioning Market Optimism around the Chinese Economy"
Written by Yukinari Sukada, Economist Asset Management One Co., Ltd.
Feb 2022