US-China trade relations are in focus ahead of President-elect Donald Trump’s return to the White House. China Beige Book International managing director Shehzad Qazi joins Catalysts Co-Hosts Seana Smith and Madison Mills to share his expectations for China’s economy. "The Chinese economy is certainly weak, not catastrophically so. However, and that’s a very important point, I think rather than just looking to negotiate, what Beijing is going to try to do is hit back and retaliate," Qazi says, adding: "What they’re going to be focused on over 2025 is making sure that the that the tariffs are being met with as much monetary policy support and I think as much fiscal spending as is needed in order to counteract [the tariff’s] impact and I think a lot of that would really just come down to heavily supporting the industrial economy, the manufacturing economy in China." Amid talks of shifting attitude toward stimulus policy in China, Qazi says he doesn’t expect the country’s central bank to "go big on the consumer side at all," but instead "the focus of their stimulus policies is going to predominantly be on the industrial side."
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