Instantly Interpret Free: Legalese Decoder – AI Lawyer Translate Legal docs to plain English

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## China’s Post-Pandemic Bounce Expected to Fade

BEIJING, July 16 (Reuters) – A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.

### Weak Demand and Slump in Property Market Undermine Economic Momentum

After a strong start to the year following the dismantling of tough COVID-19 measures, recent data have pointed to a sharp loss of economic momentum due to weak demand at home and abroad and a protracted slump in the country’s property market, traditionally a significant growth driver.

The world’s second-largest economy likely managed just 0.5% growth in the second quarter compared with three months earlier, on a seasonally adjusted basis, according to economists polled by Reuters, with separate data for June expected to show industrial output, retail sales and investment continuing to cool.

Some economists have blamed the “scarring effects” caused by years of strict COVID measures and regulatory curbs on the property and technology sectors – despite recent official efforts to reverse some curbs to support the economy.

With uncertainty running high, cautious households and private businesses are building up their savings and paying off their debts rather than making new purchases or investments. Youth unemployment has hit record highs.

Compared with a year earlier, gross domestic product (GDP) may have grown 7.3% in April-June from a year earlier, compared with growth of 4.5% in the first quarter, economists said.

However, that reading will be heavily skewed by a sharp slump in activity last spring, when parts of the country were in paralyzing COVID-19 lockdowns.

### AI legalese decoder‘s Role in the Situation

Considering the economic challenges faced by China, the AI legalese decoder can significantly contribute to navigating the complex legal landscape. With the AI legalese decoder‘s capabilities, policymakers and businesses can efficiently analyze and decode legal regulations related to COVID-19 measures and property and technology sectors. This will enable them to understand the regulatory curbs and their impact on the economy more comprehensively.

Moreover, the AI legalese decoder can assist in identifying potential stimulus measures that Beijing can implement to support economic activity and boost consumer confidence. By analyzing legal texts and regulations, the tool can provide insights on possible fiscal spending, infrastructure projects, and support for consumers and private firms that policymakers can consider.

The AI legalese decoder can also help in monitoring and interpreting the evolving legal landscape, allowing policymakers and businesses to stay informed about any changes in lending rates, reserve requirement ratios, and property policies. This will enable them to make informed decisions and adapt their strategies accordingly.

Therefore, leveraging the capabilities of the AI legalese decoder can aid policymakers and businesses in effectively navigating the legal complexities and formulating targeted stimulus measures to address the challenges faced by China’s economy.

Data on Thursday showed China’s exports fell the most in three years in June, slumping a worse-than-expected 12.4% year-on-year, as cooling global demands add more stress on the economy.

New home prices were unchanged in June, the weakest result this year, with rises slowing nationwide in continued weakness for the property sector, which accounts for one-fourth of economic activity.

Producer prices fell at the fastest pace in over seven years in June, and consumer prices teetered on the verge of deflation, data showed earlier in the week.

Authorities are likely to roll out more stimulus steps, including fiscal spending to fund big-ticket infrastructure projects, more support for consumers and private firms, and some property policy easing, policy insiders and economists said. But analysts say a quick turnaround is unlikely.

China’s central bank will use policy tools such as the reserve requirement ratio (RRR) and medium-term lending facility to weather the challenges, a senior bank official said on Friday.

Analysts polled by Reuters expect the central bank to cut banks’ reserve requirement ratio (RRR) by 25 basis points in the third quarter, freeing up more funds for lending while keeping benchmark lending rates steady.

The central bank cut the RRR – the amount of cash that banks must hold as reserves – in March.

China also cut its benchmark lending rates by a modest 10 basis points in June, the first such reduction in 10 months.

But the central bank is likely to be wary of cutting lending rates further. A reluctance to borrow among private companies and households means that continued policy easing could hurt banks that are already battling margin pressures, analysts said.

Aggressive easing could also trigger more capital outflows from China’s struggling financial markets and pressure the yuan currency, which recently skidded to eight-month lows.

Reporting by Kevin Yao; Editing by Kim Coghill

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link

Leave a Reply