Goldman Sachs recently raised its forecasts for China’s GDP growth for this year and the next to 4.9 per cent (from 4.7 per cent earlier) and 4.7 per cent (from 4.3 per cent earlier) respectively.
“The latest round of China stimulus clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy,” it said in a research note to clients.
“The latest round of China stimulus clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy,” it said in a research note to clients.
