Key Outcomes of China's Annual Government Meetings
Trivium China
Thu 23 Mar 2023 - 15:00 GMT / 11:00 EST
Summary
On our Group call with Trivium China, Andrew Polk and Dinny McMahon believe that China's 5% GDP growth target looks attainable this year as fiscal policy is very supportive. The three-pronged approach to achieve this is: greater infrastructure investment, encouraging people to spend more by developing new forms of tourism, day trips, short-term trips outside of the city, and giving them the resources to spend more through the taxation system, social security and an increase in public sector workers wages. With regards to the property space, Trivium are seeing signs that the housing market is improving, which in turn may have a positive impact on consumer sentiment. Andrew and Dinny then took questions on the risks of bank failures, property company defaults and financial stability in general.
Topics
Key outcomes of the Chinese government’s restructuring plan – especially as it will affect financial and tech policymaking and regulation
The latest macro-policy settings – and key efforts to shore up economic growth in Q1 2023
The latest official perspective on risks in, and policy trajectories around, the property market
The outlook for consumption – and official efforts to shore up household balance sheets
Key political outcomes of the meetings – especially in regard to new top personnel appointments
Other major policy signals of note
