China’s
annual
parliament meeting begins next week:
A snippet from Goldman Sachs on some key points to watch for:
-
estimates
the special debt quota municipalities would be
allowed to issue will be increased to 4.7 tn yuan, from 3.9 trillion yuan in
2024 - keeping employment growing will be a key goal, Goldman Sachs are looking for a jobless rate target of around 5% (vs. around 5.5% last year)
UBS:
- estimates the special debt quota municipalities would be allowed to issue will be increased to 4.5 tln yuan
The backdrop to this meeting is a challenging one.
This article was written by Eamonn Sheridan at www.forexlive.com.
