China says it'll target 2025 economic growth 'around 5%'
- says 2025 CPI target is around 2%
That 'around 5%' won't be too much of a surprise to anyone. Neither will the 2% CPI target, lowered from 3%. China is struggling to get inflation to target. The People's Bank of China can;t just chop down interest rates, they are concerned ding so will lead to capital flight out of the country.
More:
- will issue 1.3tln yuan in ultra-long special T bonds in 2025 (was 1tln in 2024)
- will adopt a more pro-active fiscal policy
- will ensure stability in property and stock markets
Adam had a what to expect from China's parliament meeting this week earlier:
China is facing political headwinds impacting commerce.
