C3S Institutional Dialogue on Chinese Economy Current Trends & Vulnerabilities | Dr Alicia Garcia

China recently cut key interest rate, as new reports confirm a slowdown in world's second largest economy. The People's bank of China reduced the medium term lending rate by 10 basis points to 2.75%, the first reduction since January and highlighting the anxious Beijing over shrinking consumer demand. According to media reports the real estate slump in China's real estate has sucked in both banks and real estate, treatening a bigger impact of the economy. Number of bigh developers begain to default on millions of worth goods. The lockdown of China's cities under the 'Zero-Covid' policy has put in China's economy is strain. Pressure's on spending and unemplayment pressues are visible in the Chinese economy. The queston that remains lingering is what is next for China's economy ? Dr. Alicia Garcia Herrero Senior Fellow, BRUEGEL, Adjunct Professor Department of Economics, Hong Kong University of Science & Technology and Chief Economist, Asia-Pacific, NATIXIS #chineseeconomy #webinar #c3s #realestate #20thcongress #xijinping #policies #supplychain #zerocovid19

Added 28 May 2026