China Economics 2017: Views from PBoC

Senior office Zhong X from PBoC published an article addressing several key issues for 2017 :

  1. Pretty confident that GDP target is achievable, the exact number is not disclosed though.
  2. Mild Inflation. CPI will stay relatively low before Q2, more volatility MoM .PPI started high but would gradully comes down.
  3. Employment shouldn’t be too big a concern, with the development of service industry.
  4. Exchange rates will stable stable (Not sure about its tolerance range of volatility though)

He also mentioned key risks 2017: Globally it would be unexpected rates hike FED takes and its impacts on financial markets; For China itself, keep an eye on de-leveraging taking place in the domestic market.

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