7 Mar 2016
China's growth target range requires easing - TDS
Analysts at TD Securities noted China's growth target range.
Key Quotes:
"In China, the 2016 growth target range of 6.5-7% is around 2ppt above where we see the actual underlying growth trend, implying further strong easing efforts.
Monetary policy will be forced to bridge the gap between targets and reality, including forceful total social financing efforts."
Key Quotes:
"In China, the 2016 growth target range of 6.5-7% is around 2ppt above where we see the actual underlying growth trend, implying further strong easing efforts.
Monetary policy will be forced to bridge the gap between targets and reality, including forceful total social financing efforts."