PBOC adviser says setting a GDP target may force a 'flood-like' stimulus
Giving China proxy trades (such as AUD) a boost
People's Bank of China adviser Ma Jun quoted in state media:
- setting GDP target may force China to resort to flood-like stimulus
- GDP growth between 4 to 5% will be difficult to achieve for China
China is emerging (economically) from the shut down, this sort of stimulus talk is going to flow through as a positive input for proxy trades as I noted above.