What is the update of China’s policy and what does it mean for China’s asset position in global markets?
In his exclusive report for CGTN, our Chief Strategist Jimmy Zhu discussed:
- China set the full-year growth target at 5.5 per cent at the [annual session of] the National People's Congress (NPC). - Chinese central bank is expected to cut further the key policy rates.
- Chinese central bank is expected to lower more reserve requirement ratio for some smaller banks and to encourage more lending to the small and medium-sized enterprises (SMEs).
- The onshore yuan is still leading and rose 0.6 per cent in this period, it’s reflecting a healthy economic outlook by currency traders.
Read the full report here: https://news.cgtn.com/news/2022-03-07/Tax-housing-policies-parts-of-key-measures-for-China-s-target-in-2022-18djCG53m6Y/index.htm