China emphasizes economic stability in its plans.
The central economic work conference wrapped up on Friday, and Stephen asked what guidance was given to him.
Yeah. Go figure. The main priority of the Chinese leaders is stability.
After a tumultuous year on the regulatory front, there is stability. On the debt front.
The likes of China are being cracked down on. The main priorities for 2020 were kind of.
The property market is at risk and of course the debt loads of these big conglomerates. But.
We've had economic pressures. We've had some flare ups of Covid in China. The consumer has weakened.
There is a demand. Property weakness is a main pillar of the economy in China. I will give you some.
Three key economists came out of this.
A three day central economic work meeting ended in Beijing on Friday. That is the meeting and the body.
They set economic priorities every year. So for 2020. Ensuring stability is the number one priority. But.
Larry who is an economist at Macquarie expects policymakers to use more conventional monetary and fiscal tools.
There were triple art cuts and infrastructure spending. Fiscal spending is likely to increase in the beginning part.
The year is over. In the beginning of the year, authorities love to front load the fiscalStimulus. Look what we saw.
The first quarter of 2021 will see a big jump in economic growth. It's getting to what.
economists expect a three point one percent growth in the fourth quarter. They see Larry who says they could.
Property curbs and restrictions on local government debt. If those methods were conventional.
Infrastructure is spending old tools that they like to use. If those don't produce fruit. All right. Diane Swonk is at Standard.
Fiscal policy is expected to play a main role in supporting growth next year. We will see housing policies.
The tuning is fine. They won't see a big shift. The pressure on the developers is cracked down.
Some of the curbs on the property have limited some of the sales.
The market could stay in place. Okay. Diane Chang was at the bank. She says countercyclical policies were called for.
This is the first year that authorities have used that phrase. She says that should help calm the market.
There was economic growth. It sounds like a recipe. Ensuring stability is what the authorities in Beijing like.
