China on the up? - UOB

Ross J Burland FXStreet

Analysts at UOB Group explained that China National Bureau of Statistics said that the country may achieve higher economic growth than the 6.5% target this year.

Key Quotes:

"China’s manufacturing sector shows improving momentum and targeted required reserve ratio cut is to help small- and medium-sized enterprises."

"China is expected to reach capacity cut target on time this year and the capacity reduction will not impede economic growth.

China has seen mid- to high-pace of growth and improving economic structure in past five years and new economy accounted for 14.8% of national GDP in 2015."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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