China’s economy continues to face pressure as various industries struggle to recover from economic troubles. China Beige Book International Managing Director Shehzad Qazi joins to discuss the health of the Chinese economy.
Qazi notes that while China’s economy started 2024 strong, there has been “a mild slowdown,” although he emphasizes that the roof is not “collapsing” on the nation. He points out that data has indicated “a modest recovery” throughout the year, rather than the crisis that some markets have been suggesting.
“As the policy environment changes, I think we could see fresher companies coming under crackdowns,” Qazi explains, referring to Alibaba’s (BABA) emergence from a three-year regulatory overhaul on Friday which isn’t suggesting a change in China’s approach to business.
Regarding US-China trade war concerns, Qazi notes that these can manifest through various mechanisms such as tariffs, export controls, investment controls, and more: “It just depends how sophisticated and how aggressive the person operating the White House wants to be.”
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