- Vice Finance Minister Liao Min told interviewers at the IMF and World Bank Meetings that “China’s goals are to enhance the strength of macro policies to expand domestic demand and reach this year’s GDP growth target. And to coordinate with monetary policy to push for the restructuring of the economy, particularly to boost demand, particularly consumption.”
- China has announced significant policy aimed at stimulating the economy since September, yet some market observers suggest further is needed.
- The official GDP target of 5% and the current trajectory of economic data suggests the probability of missing that target is real .
- China’s top legislative body will hold meetings from November 4 – 8 and investors and governments globally will watch carefully for any further policy announcements to stimulate growth.
CHINA: Domestic Demand the Focus According to Vice Finance Minister.
Last updated at:Oct-28 03:12By: Jamie Grant
China
- Vice Finance Minister Liao Min told interviewers at the IMF and World Bank Meetings that “China’s goals are to enhance the strength of macro policies to expand domestic demand and reach this year’s GDP growth target. And to coordinate with monetary policy to push for the restructuring of the economy, particularly to boost demand, particularly consumption.”
- China has announced significant policy aimed at stimulating the economy since September, yet some market observers suggest further is needed.
- The official GDP target of 5% and the current trajectory of economic data suggests the probability of missing that target is real .
- China’s top legislative body will hold meetings from November 4 – 8 and investors and governments globally will watch carefully for any further policy announcements to stimulate growth.
