PBOC Deputy Governor expects around 8% nominal economic growth for China in 2024

  • That'll pump up the demand for oil imports!

People's Bank of China, more comments from the dep gov.:

  • Expects China's nominal economic growth to be around 8% in 2024
  • Will maintain appropriate growth in credit and total social financing
  • Central bank's expected goal on 2024 total social financing growth implies bid to promote price rises
  • Will guide banks to lower deposit rates, lower financing costs
  • Will support consumption, investment, promote rebound in prices

Earlier:

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