ANZ analysts says China is showing 'early signs' of economic stabilization

<p>An economist at ANZ (spoke in a CNBC interview) says that while China is showing 'early signs' of economic stabilization

it's still too early to tell if the economy will secure a full
recovery by the end of the year.</p><ul><li>in terms of economic
momentum we are seeing some early signs
of some sort of stabilization</li><li>we have recently revised up our 2023
GDP growth forecast to 5.1% from
4.9%</li></ul><p>On China's property sector:</p><ul><li>recent
policy from
demand side easings have exceeded our
previous expectations</li><li>it creates some
genuine demand at least in the upcoming
traditional sales seasons in late
September early October</li><li>that should
help to restore part of the market
sentiment</li><li> but from the longer term
perspective it doesn't mean that you
know the structural issues existing in
China's property sector have been
addressed yet specifically</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.