China's Economy Under Pressure from the US and Europe

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At the end of September, the Chinese government and this country's Central Bank (PBOC) made an unexpected U-turn by issuing major monetary and fiscal policies to support the economy.

• Read more: Why is China Hastily Pivoting Its Policies?

Over the past nearly 4 weeks, PBOC has continued to maintain its "form" of cutting interest rates, but other fiscal stimulus packages (besides 800 billion CNY announced on 09/24) have not been announced yet. Meanwhile, there are only 2 months left until the end of 2024… and China may not achieve the 5% growth target! The 5% growth figure is not as important as the possibility that China will further lose the confidence of its people and investors in the country's economic environment.

Chinese legislators will meet next week to decide whether to continue more fiscal stimulus to address economic problems or not. However, it is unclear whether by accident or intention: the results of the meeting will be announced 3 days after the US election… raising suspicions that China is wary of the possibility of Trump being re-elected and heating up the US-China trade war.

In the last week of October, Viet Hustler returns to China to analyze the economic and geopolitical difficulties that the Asian dragon is currently facing.

Disclaimer: Some of the information below is written from the author's personal perspective… and is not investment advice.