Insights

Weekly Market Commentary

4 October 2024

This week the Chinese government finally unveiled a stimulus package to try and address the country’s many economic problems. China currently struggles with high youth unemployment, weak domestic consumer demand and a property market gummed up by developers who are unable to sell completed properties or finish existing developments amid falling prices and low confidence from potential buyers. The stimulus package is designed to cover all bases by supporting financial markets, encouraging bank lending, stimulating consumer demand and kick-starting activity in the housing market.