China: Growth on track for 6% in 2020 – Danske Bank

Sandeep Kanihama FXStreet Contributor

Danske Bank analysts note that IMF to revise up Chinese growth from 5.8% to around 6% after phase-one deal.

Key Quotes

“Data on industrial production and retail sales underpin growth of at least 6% in Q4 and early 2020. We see more upside in Chinese equities.”

“Signing of a phase-one deal is still on track for early January. Xi Jinping will not join Davos meeting, which could have been a Xi-Trump signing opportunity.”

“USD/CNY treads water around 7-level. We look for more downside in 2020.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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