China to take action to support economic growth in H2 2018 - ANZ

Dhwani Mehta FXStreet

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.

Key Quotes:

“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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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