China Faces Significant Downside Risks to Growth: TD Securities

From Bloomberg Markets and Finance.

Mitul Kotecha, head of emerging markets strategy at TD Securities, discusses the outlook for China’s economy, Federal Reserve policy, and the implications for EMs. China’s state media said local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps, a further move by Beijing to shore up an economy hit by worsening coronavirus outbreaks and a property slump. Kotecha also talks about the Turkish lira on "Bloomberg Daybreak: Asia."