10 Apr 2014
Chinese stimulus details emerge - Danske Bank
FXStreet (Barcelona) - Sverre Holbeck, Senior Analyst at Danske Bank notes that further details have emerged on China stimulus plans.
Key Quotes
“This morning, the Chinese Premier Li has ruled out major stimulus to fight short-term dips in growth in China’s economy. At an investment forum held on the island of Hainan, Li stressed that job creation was the main policy priority, and that it does not matter if growth falls a little below the official target of 7.5% for this year (see Reuters).”
“In our view the implications of a mini-stimulus package is that manufacturing PMIs could bottom out a bit sooner than we have previously expected and we expect growth to reach 7.4% this year.”
Key Quotes
“This morning, the Chinese Premier Li has ruled out major stimulus to fight short-term dips in growth in China’s economy. At an investment forum held on the island of Hainan, Li stressed that job creation was the main policy priority, and that it does not matter if growth falls a little below the official target of 7.5% for this year (see Reuters).”
“In our view the implications of a mini-stimulus package is that manufacturing PMIs could bottom out a bit sooner than we have previously expected and we expect growth to reach 7.4% this year.”