Viewpoints What China’s Odyssey Towards “Common Prosperity” Means for Portfolios China’s regulatory crackdown focuses on specific sectors. Market volatility will likely be temporary, and long-run prospects for active investors remain robust.
In February, China declared victory in lifting its entire population out of extreme poverty. Now it’s made distribution of income a priority. The call for “common prosperity” is not new: Since the 19th National Congress of the Communist Party of China in 2017, the government has shifted focus from “growth first” to “quality first”, aiming to balance economic growth and sustainable development, with “social fairness” as a key focus. However, progress has been delayed by the U.S.-China trade dispute in 2018-2019, and then by the COVID-19 outbreak. To Read the Full Article Log In Or Register
Viewpoints Asia Market Outlook 2023: Regional Resilience Amid Strained Global Markets As the COVID-19 recovery continues, we expect Asia’s growth-inflation dynamics to diverge from the rest of the world, led by China’s long-awaited economic reopening.
Viewpoints China Steps Up Property Support: Is This the Turning Point for the Struggling Sector? China’s introduction of comprehensive support for its real estate sector could provide some cyclical relief amidst longer-term headwinds, but new COVID-19 waves cloud the outlook.
Blog Continuity and Concrete Direction: Takeaways From China’s 20th Party Congress Stability, security and self-reliance were overarching themes from China’s twice-a-decade leadership reshuffle. With few details disclosed on near-term supporting policies, we remain cautious on the Chinese market.