ANZ's Yeung on China's Economy
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Raymond Yeung, ANZ Chief Greater China Economist, discusses China's economic outlook amid persistent deflation pressures. He mentions that the economy is slowing down and the numbers should be weak. Yeung believes that China is already in a deflationary era and that the deflationary trend will continue. He does not expect any meaningful recovery in the Chinese property market in 2024. Yeung also highlights the importance of employment and financial stability as top policy objectives for the Chinese government. He mentions that the government is trying to strengthen party control in financial institutions and reform financial policy. Yeung concludes that the government cares about both financial stability and economic fundamentals. The interview was conducted on Bloomberg's "Daybreak Asia" with Paul Allen and Annabelle Droulers.

#China #Economy #Deflation #PropertyMarket #Employment #FinancialStability

https://www.bloomberg.com/news/videos/2024-01-31/anz-s-yeung-on-china-s-economy-video