18-03-2022 · Insight

China’s growth ambitions create opportunities

While many central banks are starting to dismantle policy stimulus, the People’s Bank of China is in accommodative mode. Jie Lu, Robeco’s Head of Investments China, outlines the implications of China’s growth ambitions and how its government is navigating the process of supporting the property sector.


  • Jie Lu - Head of Investments China

    Jie Lu

    Head of Investments China

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In this interview with ausbiz TV, Lu says: “We expect the government to accelerate its bond issuance at the local level. Infrastructure will carry the weight in the first quarter of the year. China will then be on track to realise 5% GDP growth. That is probably the bottom line for China’s government for this year.”
Lu clarifies some misconceptions related to the Asian giant’s ‘common prosperity’ campaign, explaining that the government aims to expand the middle class, which in turn is pivotal to increasing domestic consumption in China. “The role of government is to ensure fairness and efficiency, and to see to it that no one falls behind.”

In light of the Chinese government’s commitment to net zero and its emphasis on innovation, Lu suggests that companies exposed to the EV industry, renewable energy and high-end manufacturing could benefit.