China Hopeful US Rate Cuts, Ties May Boost 2024 Economy But Election Year Adds Uncertainty
• China awaits if US interest rate cuts and improved relations will aid 2024 economy • Lower US rates could benefit China's economy and currency in the short-term • But US-China ties in an election year are a bigger factor affecting trade • Geopolitical tensions may continue weighing on China's economic outlook • More reforms and opening up seen as the way for China to navigate external uncertainties