https://www.scmp.com/rss/510922/feed Tommy Wu is a lead economist at Oxford Economics. He covers macroeconomic research and forecasting on mainland China and Hong Kong’s economies. He holds a PhD in economics from Queen’s University, Canada. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com There is finally light at the end of the tunnel for Shanghai as the city prepares to end its lockdown on June 1 and return to normality over the course of the month. Amid the lockdown, China’s economy slumped in April, suffering its worst performance since the first wave of Covid-19 in the first quarter of 2020. But the economy is likely to have hit the bottom of this cycle. Beyond the near term, policy stimulus will play a crucial role in boosting domestic demand this year. Policymakers have... https://www.scmp.com/comment/opinion/article/3179567/will-chinas-policy-stimulus-be-enough-support-economy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3179567/will-chinas-policy-stimulus-be-enough-support-economy?utm_source=rss_feed Tue, 31 May 2022 03:46:09 +0000 An unexpected lockdown in Shanghai has raised concerns over China’s economic and supply chain prospects. While we think the additional impact from the Shanghai lockdown on its own might not be as substantial as some expect, what it means for the future of China’s Covid-19 strategy is still significant. The announcement of the lockdown in Shanghai on March 27 came as a surprise after the city’s authorities had repeatedly resisted calls for a full-scale shutdown. The city has struggled to contain... https://www.scmp.com/comment/opinion/article/3172287/surprise-shanghai-lockdown-adds-chinas-economic-and-supply-chain?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3172287/surprise-shanghai-lockdown-adds-chinas-economic-and-supply-chain?utm_source=rss_feed Wed, 30 Mar 2022 08:30:10 +0000 China’s housing sector has been cooling, and a further slowdown of real estate activity and investment is on the cards in the coming quarters. The Evergrande saga has shone a spotlight on the Chinese real estate sector. While Evergrande’s liabilities are likely to be restructured to limit broader financial and economic disruption, risks have emerged and hurt confidence at a time when the sector was already slowing. After an impressive rebound following the first wave of Covid-19, housing sales... https://www.scmp.com/comment/opinion/article/3151258/evergrande-saga-unravels-chinas-property-market-can-expect-further?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3151258/evergrande-saga-unravels-chinas-property-market-can-expect-further?utm_source=rss_feed Wed, 06 Oct 2021 22:45:14 +0000