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<Research>Citi Expects CN 2026 Econ Growth Target to Be Set at 4.5-5%, Below Forecast
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Citi Research issued a research report predicting that Chinese policymakers will set the 2026 economic growth target between 4.5% and 5%, lower than Citi Research's previous forecast. This would mark the first reduction after 3 consecutive years of achieving the 'around 5%' GDP growth target. Currently, 20 provinces have announced their 2026 targets, with 13 provinces lowering their guidance. The broker anticipated a policy package that includes approx. RMB1 trillion additional fiscal stimulus, a 20 bps interest rate cut and a 50 bps RRR cut. Due to stable economic performance and a continuously rising equity market, the risk of delaying direct interest rate and RRR cuts until after 1Q26 is increasing. AASTOCKS Financial News Website: www.aastocks.com |
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