China: Growth should be above the government's lower bound - ING

Sandeep Kanihama FXStreet Contributor

Iris Pang, economist at ING, is forecasting that China’s GDP growth at 6.2%YoY in 1Q19, which will be lower than 6.4%YoY in 4Q18, which is better than the government's lower bound target of 6.0%.

Key Quotes

“There is a real need to keep credit growth continuing to keep GDP growth above 6%. That's why we still expect a 0.5 percentage point RRR cut in April.”

“But we don't think there is a need for the government to increase fiscal stimulus as growth should continue to increase in 2019 when money is put into infrastructure production and so long as monetary easing continues.”

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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