Xi Jinping's politburo is set to weigh up how to revive China's faltering economy
The Politburo is likely to hint at more support for property markets in major cities and lay out a path for further monetary-policy loosening – but any investors expecting a massive fiscal stimulus package are likely to be disappointed, analysts said.
"Markets don't appear to be pricing in a 'big bang' fiscal response," UBS Global Wealth Management CIO Mark Haefele said Monday in a note to clients."We don't think this is likely, either." "At the same time, we've seen a notable tone shift in Beijing in the run-up to the Politburo meeting on supporting the private sector, and media reports suggest some easing of mortgage restrictions may be in the works," he added.
Chinese stocks have struggled in 2023 amid signs the country's economy is faltering after nearly three years of harsh zero-COVID lockdowns.
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