China economic spillovers to Asia hinge on property, Nomura says
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China's economic spillovers to Asia have weakened; Nomura Holdings Inc analysis indicates Asian economies' exports to China are more sensitive to property construction and retail consumption than infrastructure investments; Beijing expected to announce up to 2 trillion yuan (US$283 billion) in fiscal stimulus; Australia and Singapore most exposed to China's growth; Philippines and India least exposed; Taiwan and South Korea have decoupled somewhat; tourist arrivals from China have fallen across Asia, except Hong Kong.

#China #Asia #Economy #Nomura #FiscalStimulus #Property #Exports #Investment #Biodiversity #Esg

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