drop in three years. joining me now is duncan wrigley, chief china economist at pantheon macroeconomics. why has this data been so disappointing? the hope was that china, which was n0 covid policy until the end of last year, once it exited that, the hope was all these people had been cooped inside the several years would be out and spending, added that spending by household would repel china, the chinese domestic demand, but also indirectly the rest of the global economy, and what we have seen in this recent data is there was a bit of that release of demand early on, march also, but into the second quarter of the year, it is already showing signs of
Hong Kong stocks plunged
roughly 3% on Thursday, tracking weakness in regional markets
after confirmation of a hawkish stance from the U.S. Federal
Reserve, and escalation in Sino-U.S. tensions. China.
expected to dominate the talks. live now to duncan wrigley, chief china economist, pantheon macroeconomics. good to talk to you again. this is really fascinating, the shanghai cooperation organisation, in terms of who the members are, and it will be really interesting to see russia s president vladimir putin addressing this later. yes, absolutely. as you mentioned, the members are mainly, well, you ve got china, russia, four central asian states and india and pakistan. notable for there being no western countries, it is mainly unified biogeography, and it is also notable that it is not an
China's central bank cut a key interest rate and pumped billions into financial markets, as fresh data showed the world's second-largest economy was flagging.The moves are the most.
China's central bank cut a key interest rate and pumped billions into financial markets, as fresh data showed the world's second-largest economy was flagging.The moves are the most.