More pain to come for China's economy

"I think the market is expecting signals for more support measures," said Fred Neumann, chief Asia economist at HSBC. "Is there going to be more fiscal stimulus in the pipeline? What's the thinking around monetary easing? Because there is a sense that without further policy support, the economy will struggle to reach 5 per cent next year organically." After a solid first quarter, investor and consumer confidence has wavered, as not only property but China's export earnings have disappointed. In response, policymakers have released a series of policies. In October, the central bank for the first time pledged to resolve…