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MNI: China Likely Target H2 GDP Above 5%, Avoid Big Stimulus

MNI (Singapore)

China has primed the economy to recover in the second half and should let current policies go to work, advisors and analysts say.

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China policymakers will focus on announced stimulus measures for now and remain cautious on any big new plans in a sign the country would miss a full-year growth target of 5.5% and aim for an annual GDP expansion above 4%, policy advisors and market analysts said.

The world’s second largest economy is likely to see growth above 5% in both Q3 and Q4, which would be robust recovery from the first half, said Dai Xianglong, former governor of the People’s Bank of China, recently in a forum. Dai noted an around 4.5% GDP expansion would be in line with the requirement of President Xi on achieving “a good level of economic growth” this year.

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China policymakers will focus on announced stimulus measures for now and remain cautious on any big new plans in a sign the country would miss a full-year growth target of 5.5% and aim for an annual GDP expansion above 4%, policy advisors and market analysts said.

The world’s second largest economy is likely to see growth above 5% in both Q3 and Q4, which would be robust recovery from the first half, said Dai Xianglong, former governor of the People’s Bank of China, recently in a forum. Dai noted an around 4.5% GDP expansion would be in line with the requirement of President Xi on achieving “a good level of economic growth” this year.

Keep reading...Show less