Posted 3/24/2024, 11:00:00 PM
China Discloses Upbeat Economic Data Early to Bolster Confidence
- Chinese officials are disclosing positive economic data early in an attempt to boost market confidence
- Examples include early GDP confirmation, reserve requirement ratio cut, higher-than-expected export numbers
- Signals authorities are trying to counter economic gloom and shore up confidence
- Follows call for officials to amplify positive views after disappointing recovery in 2022
- Unlikely to substitute for meaningful policy shifts but shows more government communication to guide expectations
