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CHINA PRESS: February Chief Economist Index Above 50 

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s Chief Economist Confidence Index reached 50.62 in February, down from 50.66 in January, but remaining above the expansionary 50 mark for the fifth month, reported Yicai.com, who compiled the index. Economists surveyed expect the upcoming Two Sessions to announce targets for GDP growth of 5%, with the fiscal deficit at 4% and CPI below 3%. Lian Ping, president at Guangkai Research Institute, expects central to local government transfers to exceed CNY11 trillion this year, with special local government bonds reaching CNY4.5 trillion and over CNY2 trillion of long-term special government bonds issued. (Source: Yicai)

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China’s Chief Economist Confidence Index reached 50.62 in February, down from 50.66 in January, but remaining above the expansionary 50 mark for the fifth month, reported Yicai.com, who compiled the index. Economists surveyed expect the upcoming Two Sessions to announce targets for GDP growth of 5%, with the fiscal deficit at 4% and CPI below 3%. Lian Ping, president at Guangkai Research Institute, expects central to local government transfers to exceed CNY11 trillion this year, with special local government bonds reaching CNY4.5 trillion and over CNY2 trillion of long-term special government bonds issued. (Source: Yicai)