穆迪分析最新研报指出，在全球经济不确定性笼罩下，中国或将继续保持宽松政策立场。该机构经济学家斯蒂芬·安格里克表示，尽管中国政府已通过降息、基建投资及促消费等财政货币组合拳加码支持，但政策效果正遭遇三重制约：疲弱的居民与企业需求、低迷的借贷意愿以及持续承压的经济基本面。
数据显示，中国虽维持着年均万亿美元规模的贸易顺差，国内经济却显露脆弱性。日本及新兴市场研究主管强调，当前居民消费信心持续萎靡，青年失业率居高难下，房地产行业仍陷困境。自2022年年中以来，内需不振导致消费物价几无波动，形成鲜明反差。
"若经济增长动能进一步减弱，"安格里克补充道，"更大力度的宽松政策将随之而来。"市场普遍预期，在外部环境复杂演变与内部结构性挑战交织的背景下，政策工具箱仍有施展空间。
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