The world’s two largest economies are addressing contrasting themes, as China deals with the growth implications of a softer property market, and the US considers policy normalisation. Managing the incipient financial stress and spillover risk are key for China’s authorities. PBOC is helping with liquidity injection and assurances about financial stability, but are the authorities ready to accept lower growth in their quest for greater housing affordability? In the US, the Fed has turned marginally hawkish, impact of which is already rippling through the markets. Taper and rate hike would be separate considerations, but how will these be conveyed constructively? I will be joined by senior economist Nathan Chow and senior strategist Eugene Leow as we go over these critical topics.
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DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.
DBS Bank (Hong Kong) Limited, a company incorporated in Hong Kong with limited liability. 11th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.