China Will Have to Put More Fiscal Policy to Work: Leong

The transcript discusses the negative impact on economic outlook due to turmoil in the property and trust sectors, leading to a lower growth outlook and potential depreciation of the CNY. It explores the challenges in determining the fair value of the currency amidst China's projected growth of 3.5% to 4.5%. The discussion highlights the bond market trends, emphasizing the need for fiscal policy to address economic challenges. Additionally, it examines inflation risks in regions outside China, particularly in ex-Asia EM countries, and the strategic shift towards Asian markets due to their resilience against El Nino risks.

What factors are currently dampening homebuyers' confidence in the market?

How does the speaker view the impact of fiscal policy on the bond market?

What is the expected growth rate for China over the next two to three years?

What risks does the speaker associate with inflation in regions outside of China?

What strategies have countries like India and Indonesia used to manage risks associated with El Nino?