🇨🇳 #NPC meeting (1) | #China will be forced to announce new supportive measures in a context where:
1- Hospitality sector remains under heavy pressure due to persistent #Covid restrictions. As an example, according to Airportia, on a YoY basis, air traffic is still falling.
1- Hospitality sector remains under heavy pressure due to persistent #Covid restrictions. As an example, according to Airportia, on a YoY basis, air traffic is still falling.
🇨🇳 #NPC meeting (2) | Residential #housing market is crashing.
*In Feb., the 100 biggest companies in #property industry saw a 47.2% ⬇ in sales YoY (v 39.6% prior), according to preliminary data by #China Real Estate Information Corp.
*Weekly figures also point to weakness ⬇
*In Feb., the 100 biggest companies in #property industry saw a 47.2% ⬇ in sales YoY (v 39.6% prior), according to preliminary data by #China Real Estate Information Corp.
*Weekly figures also point to weakness ⬇
🇨🇳 #NPC meeting (3) | Foreign demand (a key supportive factor over the past few months) is on track to collapse amid #Ukraine crisis.
https://twitter.com/C_Barraud/status/1498533805761740803
🇨🇳 #China plans 7.1% defence spending rise this year, outpacing GDP target - Reuters
reuters.com/markets/asia/c…
reuters.com/markets/asia/c…
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