Related News
Vanguard: China may turn to easier monetary policies in H2
Online Edition
VANGUARD, the world's largest mutual fund company, said it expected China GDP to increase 6.3 percent this year with monetary policies likely to be easier in the second half to support growth.
Wang Qian, chief Asia-Pacific economist of Vanguard, said a recovery of the traditional state-led industries helped stabilizing the China economy, but meanwhile delayed structural reforms.
The institute's GDP expectation was lower than market consensus for 6.5 percent.
The International Monetary Fund this week revised up its expectation for China GDP growth to 6.5 percent from 6.2 percent.
Vanguard said a recovery of the commodities and other cyclical industries are likely to extend into the first half this year as the industries restock inventory.
But downward pressure is likely to return in the second half as the momentum ebbed amid uncertainties of US trade policies towards China.
Monetary policies are likely to be tighter in the first half to meet authorities' goal in deleveraging and preventing financial risks, while easing up in the second half to support growth.
The yuan depreciation will accelerate this year on the prospect of US interest rate hikes, uncertain trade outlook, and increasing willingness among residents and companies to hold foreign exchanges.
China will likely continue to apply tight control on capital outflow to stabilize exchange rate market in stead of making a one-time yuan devaluation, Wang said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
