MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Brief: China Has Policy Leeway For GDP Target

MNI (BEIJING)
MNI (Beijing)

China has monetary and fiscal policy leeway to achieve this year's GDP target of around 5%, according to Huang Shouhong , head of the government work report drafting team.

Huang, speaking to reporters on Tuesday, said authorities had reserves in their policy tool kit to achieve economic targets should unexpected risks occur.

Authorities had decided "around 5%" in order to deliver the government's goal for per capita GDP to reach moderately developed country levels by 2035, Huang said.

He believed economic conditions which delivered 5.2% growth last year had not changed, and this year the economy would benefit from less pandemic scarring, continued growth in new drivers, and recent achievements to reduce debt risk.

MNI Beijing Bureau | lewis.porylo@marketnews.com
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
MNI Beijing Bureau | lewis.porylo@marketnews.com
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.