China may keep trying to spur consumption without big stimulus

Quick Summary:

A gap in demand will persist as Beijing searches for solution.

But those fresh sectors - from electric vehicles to advanced computer chips - have yet to grow big enough to compensate for the shrinking housing sector.“For a long time, policymakers had hoped that they could use industrial policy to support near-term economic growth.

I doubt that’s going to change, because manufacturing investment remains a major source of growth for China,” said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis.“Consumption cannot do it all of a sudden.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongUnited States

Topics: China’s Beijing Year Cent Economy Stimulus Spending Demand China Growth Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 11:25:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1108 words

Reading Time: 7 minutes read

Sentences: 38 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24486504

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions