The slowdown of economic growth in China and the rest of the world has made many investors feel uncertain about their investment in 2020.
It is reported that China has set a relatively modest growth target of about 6% for 2020, mainly through increasing national infrastructure expenditures to counter the sharp slowdown in economic growth. The Central Government will allow local governments to issue special bonds next year, but there is less room for tax reduction. Meanwhile, the People's Bank of China may have further relaxation of policies to encourage lending and reduce corporate financing costs.
On a positive note, China and the US have reached a partial trade deal near the end of 2019, which helps ease the tension. Would there be a positive impact to China's economic outlook? How should investors position themselves amid this uncertain era?
We are delight to have Wendy Liu, Head of China Strategy, UBS Investment Bank, to speak to our members about China Investment Prospect 2020 at a roundtable luncheon on 20 January.