Jun. 23 at 7:06 PM
$BZUN $JD There is a slow, gradual recovery in China. The voucher policies and platform rebates certainly helped. I don’t expect any big stimulus nor any more crackdowns - China learned to go gradual now.
If the yuan appreciates over time, this will indicate better outcome for the transition to a more domestic-led growth economy. Together with slight decrease of U.S. debt holding, this contributes to lower trade deficit, easing tensions with U.S..
So positive but at (slow) pace.
