Nomura_China What's next II
ray dalio·2024-10-11 05:44
Global Markets Research Asia Insights 9 October 2024 Economics - Asia ex-Japan China: What's next (II)? While the National Development and Reform Commission (NDRC) press conference on 8 October seemingly disappointed markets, market should know that it is not within the NDRC's mandate to make fiscal stimulus announcements. The corrections in stock markets may not be a bad thing as, in our view, preventing a stock mania and crash is a precondition to successfully jumpstart China's economy. We firmly expect B ...