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Nope, China ain't stimulating - MacroBusiness

MacroBusiness
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at 9:00 am on August 3, 2021 | 3 comments
Yesterday we saw a nice rally in Chinese stocks and a bounce in hopes that the incipient global growth slowdown is ending before it even began. Why? This:
China’s top leaders signaled more targeted support for the economy as they look to cushion growth in the face of resurgent pandemic risks, fueling a rally in bonds.
The much-watched Politburo meeting Friday indicated authorities will likely take more steps to help struggling small businesses, boost fiscal spending and possibly reduce the reserve requirement ratio for banks again, according to economists from Citigroup Inc., UBS AG and Oversea-Chinese Banking Corp. ....

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Targeted measures expected to aid in balancing economic recovery

Targeted measures expected to aid in balancing economic recovery
By Jiang Xueqing and Zhang Yue |
China Daily |
Updated: 2021-07-07 06:52
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Workers are busy at a shoe factory at an industrial park in Anping town of Fengjie county, Southwest China s Chongqing, March 31, 2021. [Photo/Xinhua]
China is expected to take targeted measures to achieve a steady and balanced economic recovery from the COVID-19 pandemic, economists said.
Liu Ligang, managing director and chief China economist at Citigroup, said on Tuesday: Citi maintains its forecast that the GDP growth in China will reach 8.8 percent this year. The main drivers for growth will be a catch-up of consumption, a recovery for the services sector and manufacturing investment. ....

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Targeted measures expected to aid in balancing economic recovery-Eastday

From:ChinaDaily | 2021-07-07 06:52
China is expected to take targeted measures to achieve a steady and balanced economic recovery from the COVID-19 pandemic, economists said.
Liu Ligang, managing director and chief China economist at Citigroup, said on Tuesday: Citi maintains its forecast that the GDP growth in China will reach 8.8 percent this year. The main drivers for growth will be a catch-up of consumption, a recovery for the services sector and manufacturing investment.
Consumption may contribute about 6 percentage points of China s GDP growth for 2021. The growth in manufacturing investment in the country may accelerate to 9.5 percent year-on-year, and China s export, which maintained strong growth momentum, is expected to increase 12 percent year-on-year in 2021, Liu said. ....

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Syngenta looks to China's farmers for growth ahead of mega-IPO

Dominique Patton
6 minute read
A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo
WEI COUNTY, China, July 5 (Reuters) - Agrichemicals giant Syngenta Group is rapidly expanding its rollout of farm services in China ahead of a huge stock market listing, as it seeks to meet surging demand from farmers crucial to Beijing s increasing focus on food security.
The world s biggest crop-protection maker and No. 3 seed supplier says it is boosting grain yields and raising farmers incomes just as the pandemic fuels government worries about food supplies and pushes up the cost of key farm materials. ....

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