{"id":1524657,"date":"2025-03-14T11:20:00","date_gmt":"2025-03-14T15:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1524657"},"modified":"2025-03-14T11:20:00","modified_gmt":"2025-03-14T15:20:00","slug":"consumer-stocks-drove-strength-in-china-ahead-of-policy-presser-to-boost-consumption","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/consumer-stocks-drove-strength-in-china-ahead-of-policy-presser-to-boost-consumption\/1524657\/","title":{"rendered":"Consumer Stocks Drove Strength In China Ahead Of Policy Presser To Boost Consumption"},"content":{"rendered":"

Consumer Stocks Drove Strength In China Ahead Of Policy Presser To Boost Consumption <\/span><\/p>\n

\n

Consumer shares led the overnight gains in China after officials announced plans to hold a press conference on Monday to discuss measures to boost consumption in the world’s second-largest economy.\u00a0<\/p>\n

“The press conference on boosting consumption fanned expectations on policy support<\/strong>,” said Shen Meng, a director at Beijing-based investment bank Chanson & Co., adding, “But if it falls short of providing details on increasing income, such optimism may weaken to some extent<\/strong>.”<\/p>\n

Goldman’s\u00a0Lindsay Matcham commented on the overnight gains:<\/p>\n

“…\u00a0<\/em>risk on in Asia overnight<\/em><\/strong> with our China Humanoid Robot’s basket (+5.5%) and CSI 300 reaching the highest level this year in anticipation of Chinese officials holding a press conference on measures to boost consumption …”\u00a0<\/em><\/p>\n

On a separate note, Goldman’s\u00a0Shubham Ghosh and\u00a0Sean Navin provided more color on the gains:<\/p>\n

“<\/em>Consumption names helped to drive the strength today<\/em><\/strong> as China Liquor and Consumption baskets closed the day +5.79 and 4.10% respectively. It is worth noting that next week there will be a consumption presser on Monday (NDRC, MoF, MoCommerce, PBOC, SAFE and MoHRSS to host presser at 3 pm on Monday).”\u00a0<\/em><\/p>\n

Renewed optimism for policy support from Beijing sent the CSI 300 Index up 2.43%, the highest level this year.<\/p>\n

<\/a><\/p>\n

KGI Securities analyst Ken Chen said authorities will likely unveil new policies to subsidize consumer trade-in programs and efforts to strengthen the social safety net, including better childcare and elderly-care services.<\/p>\n

Hong Kong’s Han Seng Index continued to power into a bull market this week, while the S&P500 Index closed down 5% on the year.<\/p>\n

<\/a><\/p>\n

Last week, China\u00a0maintained its GDP growth target at “around 5%” for 2025.\u00a0Beijing may need to unleash the monetary cannon this year to achieve this goal. At the same time, the country faces internal challenges of a persistent property market downturn and external challenges, such as a worsening trade war with the US.\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 03\/14\/2025 – 07:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/consumer-stocks-drove-strength-china-ahead-policy-presser-boost-consumption<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer Stocks Drove Strength In China Ahead Of Policy Presser To Boost Consumption Consumer shares led the overnight gains in China after officials announced plans…<\/p>\n","protected":false},"author":0,"featured_media":1524658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1524657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1524657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1524657"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1524657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1524658"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1524657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1524657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1524657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}