By: Adam Button
Daiwa lowered its 2012 forecast to 8.3% from 8.4% and would have lowered it further if not for its expectations of a 'mini stimulus' plan. They expect quarterly growth at 9% compared to 8.7% (annualized) as China spends to keep growth above target. Earlier, the Securities Journal reported that China may issue a 'more proactive' policy.
Daiwa lowered its 2012 forecast to 8.3% from 8.4% and would have lowered it further if not for its expectations of a 'mini stimulus' plan. They expect quarterly growth at 9% compared to 8.7% (annualized) as China spends to keep growth above target. Earlier, the Securities Journal reported that China may issue a 'more proactive' policy.
