MACRO MATTERS

The Dragon's Descent: Navigating Through China’s Deflation and Economic Challenges

by Elin Roberts

27 February 2024

In this paper we discuss:

• The prolonged downturn in the Chinese equity market;
• The downturn in the property market;
• The deflation period, with CPI having turned negative;
• The monetary and fiscal policies that will be adopted to achieve a soft rather than a hard landing.

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Download PDF: China - February 2024

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