Will China’s Election Bring Additional Stimulus?
An impending change of leadership in China won't likely mean any big changes for its recovering economy, JPMorgan's Jing Ulrich said Wednesday on CNBC.
On "Fast Money," the company's managing director and chairman of global markets said that China was seeing a recovery in some areas, such as industrial production and retail sales, while it still has a while to go for housing and power generation to bounce back.
"The recovery's still not broad-based," she said.
Ulrich said that she did not expect China's new leadership to enact any drastic economic measures.
"They're not really launching a large-scale fiscal stimulus as we saw in 2009 because, frankly, China has learned a lesson from 2009," she said, adding that government officials since then have acted "in a much more conservative and prudent way."
Got something to to say? Email us at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our website, email email@example.com.