Quote On Story Idea : The comprehensive stimulus measures being announced Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Story idea 25 August 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The comprehensive stimulus measures being announced by the Chinese authorities indicate the severity of the economic slump that China is going through. The deepening real estate crisis will impact economic growth severely since real estate accounts for almost 30% of Chinese GDP. Another challenge for the Chinese economy is that their central bank is loosening monetary policy when the rest of the world is tightening policy. This will further aggravate capital outflows from China impacting their capital market which is already under severe strain."
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