- 2012 GDP growth about 8%, with inflation about 2.7%.
- Sees 3rd Qtr GDP growth below 8%.
- Calls for ‘moderate’ stimulus to avoid bubbles.
- Sees no conditions for continued Yuan decline.
- Sees no potential for sharp Yuan gain.
- Sees Yuan close to equilibrium level.
Growth to rebound on stimulus policy, low base effect.
How much below 8% in the 3rd qtr. is the question? Guess they like the Yuan where it is for now.
