Expecting more stimulus for China
China had just released it’s crucial economic data this morning , GDP for quarter 2 missed expectation , well this is quite expected to me.
Last week , China’s CPI was also disappointing , with almost zero growth , and this is alarming.
During the first quarter when the National People’s Congress was held (人大），the new leadership had set the target to achieve GDP of 5% , and CPI of 3% for the year 2023
There will be a politburo meeting end of this month , I strongly believe that there will be more stimulus programme or packages to be delivered in order to restore the purchasing confidence and to push the economy forward
If you want to find a proxy for the recovery , $CSOP Hang Seng TECH Index ETF(03033.HK$ seems to be a good one
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Victor Lai :
amycha : agree with you
SunRayne : Think China will keep recovering, so investing now seems not bad in long term.
Calvin Chung :