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Stanchart Forecast CN Econ Growth at 4.6% This Yr
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China achieved its economic growth target of 5% last year, with fourth-quarter growth roughly meeting market expectations, Standard Chartered said in a research report. Resilient exports and strong production rendered support during the period, while the service sector continued to play a stabilizing role. However, domestic demand remains feeble, and investment subsides, which may imply a need for more policy support in the future. The bank forecast that China's economic growth will reach 4.6% this year, and expected the official growth target to be revised to 4.5-5%. AASTOCKS Financial News Website: www.aastocks.com |
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