With property markets showing limited recovery potential, policymakers appear to be steering toward a different playbook—ramping up manufacturing investments to sustain growth. The mechanics are straightforward but carry serious global consequences: a manufacturing boom typically floods international markets with goods, creating renewed deflationary pressures across commodities and finished products. For traders watching macro cycles, this shift represents a potential headwind for inflation-sensitive assets and a tailwind for goods-producing economies. The spillover effects ripple through global supply chains, pricing dynamics, and ultimately, market sentiment around growth and inflation expectations.