11 Feb 2015
Chinese Q1 GDP deflator likely to fall in negative territory – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the market expectations surrounding Chinese growth after the economy printed disappointing trade and CPI figures.
Key Quotes
“Down over 10% from multi-year highs, Shanghai Composite is limping into next week's Lunar New Year holiday break.”
“Following disappointing trade and CPI figures released over the past two days, PBoC monetary policy report for Q4 released overnight merely reiterated intention to pursue prudent monetary policy approach and fine-tune policy in a timely manner, as it pledged to monitor for impact of November interest rate cuts and overcapacity pressuring inflation.”
“China Vice Fin Min Zhu largely repeated that sentiment, while an official with PBoC speculated 2015 GDP to be in a 6.9-7.1% range - well below 7.4% for 2014.”
“A high profile feature in China Securities Journal is calling for more aggressive policy easing to fight disinflationary pressure, also warning the Q1 GDP deflator is likely to fall into negative territory.”
“On tap are China New Loans and Money supply figures for January - recall Industrial Production/Retail Sales/Fixed investment data were not gathered last month.”
Key Quotes
“Down over 10% from multi-year highs, Shanghai Composite is limping into next week's Lunar New Year holiday break.”
“Following disappointing trade and CPI figures released over the past two days, PBoC monetary policy report for Q4 released overnight merely reiterated intention to pursue prudent monetary policy approach and fine-tune policy in a timely manner, as it pledged to monitor for impact of November interest rate cuts and overcapacity pressuring inflation.”
“China Vice Fin Min Zhu largely repeated that sentiment, while an official with PBoC speculated 2015 GDP to be in a 6.9-7.1% range - well below 7.4% for 2014.”
“A high profile feature in China Securities Journal is calling for more aggressive policy easing to fight disinflationary pressure, also warning the Q1 GDP deflator is likely to fall into negative territory.”
“On tap are China New Loans and Money supply figures for January - recall Industrial Production/Retail Sales/Fixed investment data were not gathered last month.”