Stock futures extend gains on China stimulus, Russia-Ukraine talks; Fed readies first rate hike since 2018; Foxconn cautious on supply chain; Tesla shutters Shanghai gigafactory and Live Nation shares slide as Senators urge DoJ pricing probe.
Recent data suggests there is no real turnaround in China’s construction industry yet, with the slow start to the year leading some economists to downgrade their growth forecasts.
China’s ‘two sessions’ meetings of top leaders begins this year on March 4 in Beijing, and will lay out major policies involving the economy, trade, diplomacy, the environment and more.
China’s finance minister Liu Kun says Beijing must ‘shoulder the responsibility’ for stabilising the economy, while setting an ‘appropriate deficit ratio’.
US-based consultancy firm Eurasia Group believes China’s zero-Covid policy is likely to remain for the remainder of 2022 despite warnings of social and economic damage.on consumption.