PBOC adviser says setting a GDP target may force a 'flood-like' stimulus

Author: Eamonn Sheridan | Category: Central Banks

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. 

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose