BARCLAYS：中国展望-紧张局势缓和带来一定缓解

FICC Research Economics 16 May 2025 China Outlook De-escalation brings some relief While the trade detente lifted asset markets and the export outlook, it reduces the urgency for new stimulus and the tariff trajectory remains uncertain. Our pulse checks this week point to a weaker property sector, softer consumer sentiment as job market pain persists, and higher SOE investment. Trade war ceasefire sparked by mutual interest The US and China agreed on a 90-day tariff truce after the Geneva talks on 12 May. I ...