Making Sense Of China’s Fiscal Promises

14 Oct 2024

by Jing Sima, Chief Strategist Arthur Budaghyan, Chief EM/China Strategist

To produce a moderate economic recovery, at least RMB 3 trillion in additional government expenditures is needed in H1 2025. Our bias is that Beijing is not yet ready to launch such a massive fiscal support measure. Hence, volatility-adjusted equity returns in China will be poor.

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BCA Research | China Investment Strategy

Evaluates both the cyclical trends and structural developments of China's economy, offering investment recommendations for China and the Greater China Region.