China: Markets comfortable with the mainland macro backdrop - BBH

Sandeep Kanihama FXStreet Contributor

Analysts at BBH note that China reported January-February IP and retail sales and the two months are combined to limit Lunar New Year distortions.

Key Quotes

“IP rose 7.2% y/y vs. 6.2% expected, while sales rose 9.7% y/y vs. 9.8% expected. For now, markets appear comfortable with the mainland macro backdrop. Policymakers kept the growth target for this year steady at 6.5%, which signals “steady as she goes.”

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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