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UK's Largest Asset Manager: Stimulus Policy Can't Offset CN Excess in Property
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The Politburo of the Chinese Communist Party studied on 2025 economic work at its meeting proposing to implement a more proactive fiscal policy and an appropriately loose monetary policy, making it the first time in over 14 years that its “appropriately loose” stance is mentioned again. Sonja Laud, Chief Investment Officer at Legal & General Investment Management, the UK's largest asset manager, said that China is still facing a very difficult economic situation and it is hard to have a positive view on China's economy at this time. The excess in real estate built up over a decade cannot be solved by stimulus policies, and that domestic consumption cannot offset the weakness that is being shown in the property sector in particular, Laud added. She warned that US President-elect Donald Trump's tariff policy poses a challenge to China's economy. Legal & General Investment Management's asset under management scale was over US$1 trillion. AAStocks Financial News |
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