China's quarterly report card is in, and it's bad — but Beijing is unlikely to step in and prop up the economy just yet
that China is already a"debt-fueled sector in an economy which is already sitting on large amounts of debt."
"Allowing this sector's weakness to run its course may hurt growth now, but this is probably viewed as a price worth paying for more sustainable crisis-free growth ahead," Carnell added. All this just means investors will have to sit tight for the ride ahead and not hold out for a quick rebound.it has set for itself this year even as they roll out support measures to stimulate the economy, Nomura economists wrote in a Monday note seen by Insider.
"We believe markets should curb their expectations for a fast, cure-all package and instead embrace expectations of a growth slowdown to below 4.0% in 2024," the economists added.Subscribe to push notifications
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