Nomura's Chief Economist Stresses Importance of Positive Housing Market Outlook for China's Growth
Nomura's Koo Urges Positive Shift in China's Housing Market Sentiment
Richard Koo, Chief Economist at Nomura, emphasized the imperative need for China to alter public perception regarding the future growth trajectory of house prices. Koo stated that instilling confidence in the housing market's potential uptrend is crucial for boosting economic growth.
The Role of Narrative in Economic Growth
According to Koo, reshaping the narrative to signal expectations of rising house prices is vital for stimulating economic performance in China. Convincing the public about the positive outlook for the housing market is key to driving growth in the country.
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