Hang Seng China's Wang on China's Economy

The video discusses the challenges of the economic reopening, highlighting a hasty approach that has led to productivity losses and a lack of confidence in policy signals. The economic outlook for December is bleak, with low retail numbers and a need for consumption to boost growth. The recovery of consumption is expected to lag, with full recovery anticipated by 2024. The housing market is seen as a potential area for government intervention, with measures to boost construction and urbanization. However, infrastructure spending is reaching its limits, and the focus may shift to housing as a growth offset.

What are the expectations for consumption recovery in 2024?

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What measures are being taken to boost the housing market?

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How does the current economic climate affect investment in housing?

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