I guess that outlines what we can expect from China, at least in terms of numbers, this year. We'll see how this outlook changes depending on the pandemic situation in the country but more often than not, when China puts out a figure like that, they will stick to it.

The Cabinet adviser also says that Fed rate hikes and balance sheet runoff could have a "very big" market impact. I reckon more so for emerging markets but we'll also have to see how things go on the inflation front. Besides, the balance sheet runoff may be a step to consider only perhaps later in the year.