0833 GMT - China's GDP growth may be capped at 5% for the next few years as excess inventory in the country's housing market could take some years to clear, UOB analysts write in a note. Deflation remains a key threat to the economy and consumer confidence remains weak, they add. Recent stimulus only amounted to 8% of GDP compared with 12.5% in 2008, with little new spending actually boosting the economy, they say. UOB thinks the country will focus on lowering the reserve requirement ratio as a key policy-easing tool instead of interest-rate cuts. UOB expects a further 50-100 basis points of RRR cuts in 2025. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 14, 2025 03:33 ET (08:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。