Macro Insights Weekly - China’s offset to property market distress

China's economy remains under pressure from property sector struggles, but we see several constructive developments in the making that can potentially offset the drag.
Latest data show a welcome rise in credit creation.
Exports, tariff threat notwithstanding, are likely to do well in most of the world.
News on EV, batteries, chips, and AI suggest innovation continues apace.
Chinese stock markets have turned ebullient, accordingly.
US pushback is inevitable, but China's defensive playbook appears solid.