Brokerages agree

2008-12-22  |     NEWSPAPER EDITION

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MORE than 20 brokerages in the country agreed that China would adopt looser monetary and fiscal policies next year. Most of them expect the economy to grow at 8 percent or more.

Their views differ in terms of when the lowest growth would occur. Changjiang Securities said that would probably happen before the second quarter next year. Shenying & Wangguo and Haitong Securities said 2010 would likely see the lowest figure. However, the brokerages have growing concerns over deflation in 2009.

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