ANZ analysts says China is showing ‘early signs’ of economic stabilization | Forexlive

An economist at ANZ (spoke in a CNBC interview) says that while China is showing ‘early signs’ of economic stabilization

it’s still too early to tell if the economy will secure a full
recovery by the end of the year.

• in terms of economic
  momentum we are seeing some early signs
  of some sort of stabilization
• we have recently revised up our 2023
  GDP growth forecast to 5.1% from
  4.9%

On China’s property sector:

• recent
  policy from
  demand side easings have exceeded our
  previous expectations
• it creates some
  genuine demand at least in the upcoming
  traditional sales seasons in late
  September early October
• that should
  help to restore part of the market
  sentiment
• but from the longer term
  perspective it doesn’t mean that you
  know the structural issues existing in
  China’s property sector have been
  addressed yet specifically