中国多资产_供给侧改革 2.0 推进- 中国应对价格战之役China Multi-Asset_ Supply-Side Reform 2.0 Unfolding—China‘s War on Price Wars

V i e w p o i n t | 17 Jul 2025 21:00:27 ET │ 39 pages China Multi-Asset Supply-Side Reform 2.0 Unfolding – China's War on Price Wars CITI'S TAKE The resilience of China's manufacturing FAI despite property-market weakness has been a bright spot in the economy. As manufacturing supply-chain capacity expands and property demand remains soft, prices suffer, with PPI struggling in negative territory. Rising US tariffs on China goods could further complicate the problem. China equities view: We believe authorit ...