China Changes Direction

Over the last several months, China has announced two significant policy changes that will likely accelerate the country’s economic growth prospects. In contrast to the message of policy continuity emphasized at the Chinese Communist Party Congress last October, the government is now pivoting to fully reopen the local economy and provide more support to the housing sector. The substantial shift in policy direction has been preceded by large-scale popular protests that carried the underlying message of prioritizing tangible and positive economic results for the public. Overall, if these policy shifts are sustained, we believe they will positively impact the global economy in general, and other emerging markets economies in particular.

z - Cover Image: Investment Policy Statement - January 2023

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