China Macro Data to Soften Even More, Citi's Apabhai Says

The video discusses China's aggregate financing and the insufficient PBOC stimulus to revive credit growth. Analysts predict a fall in growth, with global disinflation affecting bond markets. The trade war has led consumers to shift from luxury to staple goods. The macroeconomic data is expected to soften, with a clearer picture emerging in the second quarter, potentially affecting equity markets.

What types of goods are consumers in China moving towards?

What is expected to happen to the macro data in China after the Chinese New Year?