In Depth

Harnessing China's domestic demand

  • Published 09 Jul 2009

Jing Ulrich, managing director and chairman of China equities at JP Morgan, talks on signs of recovery stemming from restored domestic confidence.

Over the course of the first half of 2009, Chinese macroeconomic indicators have put to rest the initial scepticism over China's 8% growth target for the year. Positive signs now abound in sectors ranging from autos to retail and residential property. The government's aggressive fiscal pump priming has effectively restored domestic confidence, improving prospects for steady recovery in a country where household balance sheets remain very strong.

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