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Do new stimulus polices represent a new direction for China's economy?

Author
Newstalk ZB,
Publish Date
Mon, 30 Sep 2024, 8:10pm
China’s economy has grappled with weak consumer demand and a prolonged property slowdown. Photo / 123rf
China’s economy has grappled with weak consumer demand and a prolonged property slowdown. Photo / 123rf

Do new stimulus polices represent a new direction for China's economy?

Author
Newstalk ZB,
Publish Date
Mon, 30 Sep 2024, 8:10pm

Over in China, regulators recently announced a range of monetary and fiscal stimulus policy changes aimed at fostering economic stabilisation and improving consumer confidence.

Official interest rates were cut and the Government announced a number of central bank spending programmes aimed at stabilising housing and supporting consumption.

Harbour Asset Management's Shane Solly unpacked these new policy changes - and explained what China's economic growth could mean for New Zealand.

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