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China Consumption, Yuan Strategy & BOJ Policy
Description
Falling car sales for ten consecutive months and JD.com's first quarterly revenue drop in over a decade underscore China's persistent household consumption slowdown, even as AI tech exports continue to drive growth.
Carlos Casanova, Senior Economist at UBP, joins BFM’s Market Watch to analyse why massive consumer savings are not translating into domestic spending and what structural reforms are needed to stabilise sentiment.
He breaks down the policy paradox of China’s high-value tech export boom, outlines Beijing’s long-term strategy for gradual Yuan appreciation to boost imports and the Yuan's internationalisation.
He also offers his outlook on Japan’s second-quarter GDP data and Bank of Japan rate hike expectations.
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