China Economics 2017: Views from PBoC
Senior office Zhong X from PBoC published an article addressing several key issues for 2017 :
- Pretty confident that GDP target is achievable, the exact number is not disclosed though.
- Mild Inflation. CPI will stay relatively low before Q2, more volatility MoM .PPI started high but would gradully comes down.
- Employment shouldn’t be too big a concern, with the development of service industry.
- 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.