Morgan Stanley's chief economist in China, Xing Ziqiang, highlights the significant economic impact of recent US tariff increases, likening it to the shocks of the 2020 COVID-19 pandemic and the 2008 global financial crisis. He emphasizes the need for strong macroeconomic policies to address the situation, beyond simple stock market intervention.
Xing stresses that China's response requires a combination of countermeasures, strategic risk mitigation, and bold initiatives to overcome the challenges. He made these comments following a significant global stock market downturn on April 7th, 2023, impacting Chinese indices considerably.
The article underscores the urgency for policy action, suggesting that decisive and swift measures are critical to mitigate the negative economic consequences.
【财新网】“中国的应对应该既有反击的勇气，也有对冲的智慧，还有破局的战略。”摩根士丹利中国首席经济学家邢自强表示。
邢自强在4月7日接受财新采访中做出上述表述。4月7日，全球股市大幅杀跌，沪深300指数一度跌9%，中央汇金公司开展稳市操作后，收跌7.1%；恒生指数全天维持跌势收跌13.2%。
在邢自强看来，此次关税大冲击对经济的影响可与2020年新冠疫情最初的冲击、2008年的全球金融危机相提并论。如果只是一个纯粹股市层面的股灾，可以通过国家队买入干预，但如今各方更担心的是经济遭受冲击，仍需类似2020年、2008年的强力宏观政策。
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