$FISCAL - Advocate for fiscal stimulus in China, particularly to complete unfinished real estate projects and strengthen social safety nets, which could boost economic growth and domestic consumption.
$MFG - China's strategic plan to shift towards high-end, value-added manufacturing, which is expected to take a larger share of the economy at the expense of the declining housing market.
$URBAN - Potential reforms to increase urbanization in China, which could boost productivity and consumption by making it easier for rural residents to relocate to cities and enjoy social benefits.
Bearish:
$RESTATE - Ongoing housing slump in China leading to dwindling land sale revenues for local governments, necessitating fiscal reforms to replace these revenue sources.