Xi Backs 5% China Growth as Property Slump Persists
Beijing is leaning on industrial policy and exports, but housing, weak consumption, and tariff uncertainty threaten momentum.
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Beijing is leaning on industrial policy and exports, but housing, weak consumption, and tariff uncertainty threaten momentum.
Thin year-end trading left equities lower, while CME margin hikes drove silver’s plunge and rebound.
U.S. stocks and metals dip on thin year-end selling, while Goldman’s 2026 growth call clashes with Iran turmoil.
Store closures and tear gas followed the rial’s plunge, prompting a central bank leadership change amid sanctions pressure.
Fading tariff drag and easier conditions support 2026 growth, but AI-driven job cuts could lift unemployment.
Thin holiday liquidity magnified selling in AI megacaps and a sharp pullback in silver and gold.