China's policymakers are doing little to soothe concerns about the economy and especially the property sector, Brian McCarthy, chief strategist at Macrolens told CNBC.
Photo taken on January 21, 2024 shows a real estate project under construction in Huai 'an city, Jiangsu province, China.Policymakers are doing little to soothe concerns surrounding China's ailing economy, Brian McCarthy, chief strategist at Macrolens told CNBC's " Many observers saw the move as an effort to boost the country's struggling property market, as the majority of mortgages are pegged to this rate."The intention is clear here that the PBOC wanted to do more to stabilize housing," Wei Yao, head of research and chief economist for Asia-Pacific at Société Générale, told CNBC's "deflation remains persistent