Analysis

Is China simply juicing stocks to make consumers feel better?

With economic growth sluggish and youth unemployment at socially precarious levels, Beijing has shifted from doing little to announcing a series of stimulus measures. But is it all hype?

Jessica SierNorth Asia correspondent

Oct 8, 2024 – 4.00pm

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China’s now month-long equities rally has global investors scrambling to get a piece of the market they have shunned for more than two years.

But at least one analyst is asking: “What if the whole point of the stimulus is to juice up the stock market in the hope that the economy follows suit?”

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.