A snippet from Goldman Sachs outlook for China in the months ahead
Even as credit growth has decelerated, China growth has held up well this year, with real GDP growth at 6.9% yoy through Q2
- Our China Current Activity Indicator quite close to that
Activity has held up thanks to a favorable external environment, tightening measures tailored to avoid weighing on the real economy, and the continued boost from other policy levers.
Looking ahead, we expect the supportive economic backdrop to continue into this autumn's 19th Party Congress
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There has never been any doubt that Chinese authorities would be pulling every lever they could lay their hands on the ensure a stable/& or growing economic picture into the Congress.
Carry on.
