Soft China Data Calls for More Policy Support -- Market Talk

Dow Jones09-16

0228 GMT - China's August data suggests household consumption remains the weak link of the economy, but strong potential for growth remains, CCB International economists say in a note. Policies to encourage big-ticket purchase of consumer goods appear to have had limited effect, say Li Cui and Huiting Yan, adding that softer auto sales after the strong performance last year also remains a headwind. The soft data calls for more policy support to stabilize income and growth expectations, they say. With fiscal spending lagging behind nominal growth, the economists expect stronger fiscal spending in the coming months, and continued liquidity accommodation to shore up the cyclical economy. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

September 15, 2024 22:28 ET (02:28 GMT)

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With fiscal spending lagging behind nominal growth, the economists expect stronger fiscal spending in the coming months, and continued liquidity accommodation to shore up the cyclical economy. (monica.gupta@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 15, 2024 22:28 ET (02:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Soft China Data Calls for More Policy Support -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoft China Data Calls for More Policy Support -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0228 GMT - China's August data suggests household consumption remains the weak link of the economy, but strong potential for growth remains, CCB International economists say in a note. Policies to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0163747925.USD","symbol_name":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2467868886","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467868886","pubTimestamp":1726453680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0228 GMT - China's August data suggests household consumption remains the weak link of the economy, but strong potential for growth remains, CCB International economists say in a note. Policies to encourage big-ticket purchase of consumer goods appear to have had limited effect, say Li Cui and Huiting Yan, adding that softer auto sales after the strong performance last year also remains a headwind. The soft data calls for more policy support to stabilize income and growth expectations, they say. With fiscal spending lagging behind nominal growth, the economists expect stronger fiscal spending in the coming months, and continued liquidity accommodation to shore up the cyclical economy. 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Policies to encourage big-ticket purchase of consumer goods appear to have had limited effect, say Li Cui and Huiting Yan, adding that softer auto sales after the strong performance last year also remains a headwind. The soft data calls for more policy support to stabilize income and growth expectations, they say. With fiscal spending lagging behind nominal growth, the economists expect stronger fiscal spending in the coming months, and continued liquidity accommodation to shore up the cyclical economy. 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