Financial Market

China policymakers will struggle to give markets what they want: Macrolens

Photo taken on January 21, 2024 shows a real estate project under construction in Huai ‘an city, Jiangsu province, China.

CFOTO | Future Publishing | Getty Images

Policymakers are doing little to soothe concerns surrounding China’s ailing economy, Brian McCarthy, chief strategist at Macrolens told CNBC’s “Street Signs Asia” on Wednesday.

“Chinese policymakers are going to continue to struggle to give the market what it wants, and what it needs, which is really some kind of plan to extract the economy from debt deflation in the wake of a massive property bust,” he said.

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