So says a PBOC working paper just released
- 2016 expected 6.8%
- 2016 baseline CPI forecast +1.7%
- 2016 GDP growth to remain stable in reasonable range
- economy still faces downward pressure
- 2016 property and land sales to recover
- 2016 fixed asset investment to rise 10.8%
- imports to rise 2.3% vs 2015
- exports to rise 3.1% vs 2015
- new infrastructure investment projects will help stabilise investment growth
- biggest impact of fiscal and mon pol will be seen in 5-9 months
We'll see how close they get in due course
