Analysts at Australia and New Zealand Banking Group (ANZ) provide their insights on the efforts likely to be stepped up by the Chinese authorities to boost the economic growth in the coming months.
“We believe China will take a more proactive stance to support economic growth in the H2 2018.
State Council may launch some growth-boosting measures, which should help turn around weakening growth in infrastructure spending.
We see this ultimately supporting steel and iron ore market, with the latter likely to push back towards USD70/tonne.
A recent State Council meeting called for an acceleration in fiscal spending, which may help to provide funding for infrastructure projects.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.