China’s Premier Li signals Flexibility on economic growth target – Bloomberg
|Chinese Premier Li Keqiang signaled a focus on jobs, flexibility on the economic growth rate and a shift toward making its Covid control measures more targeted, per Bloomberg.
Additional quotes
“Most important thing was to keep employment and prices stable.”
“Slightly higher or lower growth rates were acceptable as long as employment is relatively sufficient, household income grows and prices are stable.”
“Keeping major economic indicators within a proper range also means that the macroeconomy can enjoy sustained and sound growth.”
“Further economic support could come in the form of front-loading 2023 special local government bonds, raising the budget deficit, or issuing special sovereign debt.”
“Measures that could help China avoid a “policy cliff” in the fourth quarter.
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.