- Analytics
- News and Tools
- Market News
- China: Growth focus on People's Congress in March – Nordea
China: Growth focus on People's Congress in March – Nordea
Analysts at Nordea Markets suggest that China will announce its official growth target for 2020 only in conjunction with the People's Congress in March.
- "The media has reported, however, that the target will be lowered slightly, to around 6%. The high-level annual work conference on the economy emphasized in December that the policy stance will keep supporting stable growth.
- A part of the 2020 quota on local government special bonds to fund infrastructure projects was brought forward in November and financial requirements on infra projects were also lowered as another way to boost investments. Because the tolerance to shadow-banking growth remains low, however, we do not expect the overall financing conditions to improve dramatically.
- We still expect a slightly looser monetary policy, and only yesterday we saw another small step in that direction when the 14-day reverse repo rate was cut by 5 bp."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
