Far from a bazooka, China’s stimulus measures are just trickling through the economy

Far from a bazooka, China’s stimulus measures are just trickling through the economy


Key Points
  • China’s latest efforts to kickstart growth are just trickling through the economy, data and company earnings show.
  • “While it will take some time for the positive effect to fully materialize and to further [expand] to more consumption categories, we are confident that these policies will gradually provide more support for the real economy,” said Shaohui Chen, Meituan CFO and senior vice president, according to a recording of a recent earnings call.
  • “Looking ahead, our sources expect that stimulus in 2025 will trickle out incrementally and in a data-dependent fashion,” Gabriel Wildau, managing director at Teneo, said in a note Monday summarizing a recent trip to China.



Source

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