To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
coming out of a very weak covid year, that is weak. gdp is much lower at 3.6%. china is really entering a structural slowdown. old growth drivers of property completely gone. a massive drag on the economy. now shifting to a new growth model, something leaning more into exports, evs. evs. .. also covid lockdowns lasted much longer evs. .. also covid lockdowns lasted much longer than evs. .. also covid lockdowns lasted much longer than other evs. .. also covid lockdowns lasted much longer than other parts - evs. .. also covid lockdowns lasted much longer than other parts of. evs. .. also covid lockdowns lasted | much longer than other parts of the world and we are in a situation now where there is deflation in china. i wonder, in this mix, one of the other things we have been reporting todayis other things we have been reporting today is that the chinese population is in decline. it felt last year for the second year in a row. does not play a role in these figures, do you