中国 - 情绪追踪：增长降温，政策渐进，市场仍乐观-China – Sentiment Tracker -Growth Cool, Policy Drip, Market Buoyant

August 21, 2025 06:39 AM GMT China – Sentiment Tracker | Asia Pacific Growth Cool, Policy Drip, Market Buoyant Growth is cooling in August, but market sentiment remains buoyant on ample liquidity and a steady drip of "right-direction" policy. We see no obvious trigger for immediate stock market curbs, given still reasonable leverage. We watch for telltale shifts in flows, leverage, and narrative transition. Growth Check: Sliding toward ~4.5%Y in 3Q: August export growth will likely moderate to 5-6%Y (7.2%Y ...