UBS Sees 'More Balanced Recovery' in China's Economy

The transcript discusses China's economic performance, focusing on GDP, industrial production, and exports, which were slightly weaker than expected. However, retail sales and domestic consumption have shown significant improvement. The discussion highlights the importance of domestic consumption driven by labor market improvements and household income growth. Investment trends are shifting as policies normalize, with a focus on household consumption and manufacturing. Sequential growth is expected to improve despite a weak first quarter due to holiday impacts and policy gaps. Market sentiment is influenced by regulatory factors and property market dynamics.

What are the expectations for sequential growth in the second quarter and beyond?

How does the base effect influence the year-on-year growth expectations?

What are the anticipated effects of tightening policies on the property market in China?