More pain to come for China’s economy

News Snapshot:

“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...