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Just worth flagging that surveyed.............>

CHINA
CHINA: Just worth flagging that surveyed unemployment rate target is bang in
line with the current reading, which many express doubt in, given the survey
method. Some have suggested the real unemployment rate could be 2-3x higher than
that.
- Looks like the budget ratio is set in the higher band of expectations, and is
by no means concrete using the term "over" as opposed to giving specific levels.
- CNY1tn worth of anti-virus special government bonds, likely at this level
given some of the recent push back against debt monetisation.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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