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?

What measures are being taken to boost the housing market?

How does the current economic climate affect investment in housing?