宏观与微观之间呈分歧

大规模刺激配套有效吗？

库存周期和朱格拉周期同时反弹？

现在是黎明前的黑暗吗？

今年6月底的夏季达沃斯论坛开幕式上，中国总理李强在致辞时，为中国经济回升向好做信心背书。不过客观的数字却让市场乐观不起来。6月份制造业连续三个月萎缩，非制造业疲软，5月份的年轻人失业率也再破20%创新高。

由于信心和预期不足，消费者有钱也不太敢花，导致中国经济更是欲振乏力。中国经济是否应该让人担忧？低迷的情况还要熬多久？政府是否应该推出大规模的经济刺激配套？

这期的早报播客《东谈西论》，听主持人韩咏红和华侨银行大中华区研究主管谢栋铭详细解析。

延伸阅读：
韩咏红：中国该不该出台大规模刺激经济政策
聃丘泰、温建东：中国经济刺激政策新特点

纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际时政动态。每逢星期二新加坡时间晚上 7 时更新。

China's Premier Li Qiang painted a positive outlook for the domestic economy at the opening address of “Summer Davos” in June this year. 

However, market optimism is low, given the underwhelming data released. China’s factory activity shrank for a third month while the non-manufacturing sector was at its weakest since COVID reopening. Unemployment rate among young people has also surpassed 20%.

Consumers lack confidence and are reluctant to spend, which further weakens the Chinese economy. Is China’s slowing economy a cause for concern? How long will this sluggish situation last? Should the government implement large-scale economic stimulus packages?

In this episode of Global Heartbeat podcast, host Han Yong Hong invites Tommy Xie, Head of Greater China Research & Strategy at OCBC Bank, to share his insights. 

Hosted by Lianhe Zaobao’s Associate Editor, Han Yong Hong, Global Heartbeat is a Mandarin weekly news and current affairs podcast that is updated every Tuesday, 7.00 PM SGT. It is available on zaobao.sg, Apple Podcast, Google Podcasts, Spotify and other podcast platforms.

今年6月底的夏季达沃斯论坛开幕式上，中国总理<a href="https://www.zaobao.com.sg/keywords/li-qiang">李强</a>在致辞时，为<a href="https://www.zaobao.com.sg/keywords/zhong-guo-jing-ji">中国经济</a>回升向好做信心背书。不过客观的数字却让市场乐观不起来。<a href="https://www.zaobao.com.sg/realtime/china/story20230630-1409210">6月份制造业</a>连续三个月萎缩，非制造业疲软，5月份的<a href="https://www.zaobao.com.sg/finance/china/story20230615-1404754">年轻人失业率</a>也再破20%创新高。
由于信心和预期不足，消费者有钱也不太敢花，导致中国经济更是欲振乏力。中国经济是否应该让人担忧？低迷的情况还要熬多久？政府是否应该推出大规模的经济刺激配套？
这期的<a href="https://www.zaobao.com/keywords/zao-bao-bo-ke">早报播客</a>《东谈西论》，听主持人<a href="https://www.zaobao.com.sg/byline/han-yong-hong">韩咏红</a>和华侨银行大中华区研究主管谢栋铭详细解析。
延伸阅读：
<ul>
<li aria-level="1"><a href="https://www.zaobao.com.sg/news/china/story20230630-1409170">韩咏红：中国该不该出台大规模刺激经济政策</a></li>
<li aria-level="1"><a href="https://www.zaobao.com.sg/forum/views/story20230704-1410273">聃丘泰、温建东：中国经济刺激政策新特点</a></li>
</ul>
纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际时政动态。每逢星期二新加坡时间晚上 7 时更新。
China's Premier Li Qiang painted a positive outlook for the domestic economy at the opening address of “Summer Davos” in June this year. 
However, market optimism is low, given the underwhelming data released. China’s factory activity shrank for a third month while the non-manufacturing sector was at its weakest since COVID reopening. Unemployment rate among young people has also surpassed 20%.
Consumers lack confidence and are reluctant to spend, which further weakens the Chinese economy. Is China’s slowing economy a cause for concern? How long will this sluggish situation last? Should the government implement large-scale economic stimulus packages?
In this episode of Global Heartbeat podcast, host Han Yong Hong invites Tommy Xie, Head of Greater China Research &amp; Strategy at OCBC Bank, to share his insights. 
Hosted by Lianhe Zaobao’s Associate Editor, Han Yong Hong, Global Heartbeat is a Mandarin weekly news and current affairs podcast that is updated every Tuesday, 7.00 PM SGT. It is available on zaobao.sg, Apple Podcast, Google Podcasts, Spotify and other podcast platforms.

纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际政治动态。

纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际政治动态。

东谈西论

纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际政治动态。

每逢星期二新加坡时间晚上7时更新。

纵观天下，监测中国心跳，由《联合早报》副总编辑韩咏红主持的国际时事播客《东谈西论》，每周探讨国际热点话题，分析国际政治动态。
每逢星期二新加坡时间晚上7时更新。