China’s efforts to counter the recent slowdown in the economy has been “ineffective” and it needs to do more, J.P. Morgan Private Bank’s head of investment strategy for Asia told CNBC’s “Squawk Box.”
The world’s second-largest economy expanded 6.6 percent last year – the lowest growth rate in 28 years. China has vowed to provide enoough support to the economy, while ruling out “flood-like” stimulus.
Key quotes
I still think they need to do more. I don’t think they’ve done enough yet. So far the measures they’ve taken have been fairly, fairly ineffective, they haven’t really produced the rebound in economic growth, and they haven’t really produced the rebound in confidence either.
I also think the political will has changed with the current government, they don’t have the same policy reaction I think, that they had in the past. So we’re probably going to see more incrementalism
Share
