摩根大通-2025年中国展望：关税战 2.0 与国内政策支持
-·2025-02-16 11:57
China 2025: Tariff war 2.0 vs domestic policy support Economic Research February 2025 Haibin ZhuAC Chief China Economist +852 2800 7039 haibin.zhu@jpmorgan.com JPMorgan Chase Bank N.A., Hong Kong Grace NgAC Greater China Senior Economist +852 2800 7002 grace.h.ng@jpmorgan.com JPMorgan Chase Bank N.A., Hong Kong Executive summary 2025 major theme 1: Tariff war 2.0 risk 2025 major theme 2: What does "extraordinary counter-cyclical policy adjustment" mean? A '3-arrow" approach: structural rebalancing, fiscal s ...