Commenting on China's economic progress, SMU Associate Professor of Finance Fu Fangjian analysed that, according to the published data, China’s economy remains relatively sluggish. Although it has not fallen into a recession, domestic consumer demand continues to be weak. He believes that the stimulus policies released by the Chinese government at the end of last year are a positive signal. However, these measures are expected to take effect only in the first quarter of this year. From a consumer psychology perspective, people are likely to wait and see, hoping that the government will introduce more concrete and substantial measures.
