ANZ bumps up China 2025 GDP growth forecast to 4.8% from 4.3% previously
Well, the 4.3% forecast was on the lower side compared to most analyst estimates coming into this year. That especially since the uptick in sentiment in October, though I would argue that the more detailed fiscal plans from China remain lacking. But over the weekend, we did get this: China released a 30-point plan aimed at boosting domestic consumptionThere is a press conference scheduled later today to brief on that. However, I don't think it will offer up too much else besides what was already announced above. The reception by domestic equities is a little mixed on the day, with the Shanghai Composite up 0.3% but CSI 300 down 0.1% at the lunch break now. This article was written by Justin Low at www.forexlive.com.
Well, the 4.3% forecast was on the lower side compared to most analyst estimates coming into this year. That especially since the uptick in sentiment in October, though I would argue that the more detailed fiscal plans from China remain lacking. But over the weekend, we did get this: China released a 30-point plan aimed at boosting domestic consumption
There is a press conference scheduled later today to brief on that. However, I don't think it will offer up too much else besides what was already announced above. The reception by domestic equities is a little mixed on the day, with the Shanghai Composite up 0.3% but CSI 300 down 0.1% at the lunch break now. This article was written by Justin Low at www.forexlive.com.
