{"id":1440917,"date":"2023-11-28T02:40:00","date_gmt":"2023-11-28T07:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1440917"},"modified":"2023-11-28T02:40:00","modified_gmt":"2023-11-28T07:40:00","slug":"more-chinese-pro-growth-signs-to-come-as-2024-gdp-goal-eyed","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/more-chinese-pro-growth-signs-to-come-as-2024-gdp-goal-eyed\/1440917\/","title":{"rendered":"More Chinese Pro-Growth Signs to Come as 2024 GDP Goal Eyed"},"content":{"rendered":"

More Chinese Pro-Growth Signs to Come as 2024 GDP Goal Eyed<\/span><\/p>\n

\n

By George Lei, Bloomberg Markets Live reporter and strategist<\/em><\/p>\n

President Xi Jinping is\u00a0set to visit\u00a0the Shanghai Futures Exchange and several tech giants on Tuesday, according to a report from the South China Morning Post. The trip, if confirmed, may represent most high-profile attempt yet by the leader to send a pro-business message before the country\u2019s 2024 growth target is decided at next month\u2019s Central Economic Work Conference.<\/strong><\/p>\n

Xi\u2019s potential visit coincides with the 10th anniversary of the Shanghai Free-Trade Zone, a testing ground for the country\u2019s economic reforms. Xi is expected to urge local officials to spur cross-border trade and capital flows, according to the SCMP report. Despite China\u2019s reopening this year, the country has found it\u00a0difficult to\u00a0attract foreign investments thanks to the deep mental scars left on investors by pandemic-era restrictions.<\/p>\n

But Beijing has gone into overdrive trying to spur international business over the past several weeks. Senior Chinese officials have pushed to boost international flights with\u00a0the US\u00a0and\u00a0Europe. On Friday, Beijing permitted citizens from\u00a0the biggest EU countries\u00a0to visit visa-free, in yet another step to facilitate cross-border exchanges.<\/strong><\/p>\n

China\u2019s central bank on Monday also pledged to push for\u00a0lower real lending rates\u00a0in its third-quarter monetary policy report<\/strong>. The document devoted one of its four columns to discuss fiscal and monetary policy coordination, which is \u201ca timely clarification\u201d amid heightened investor skepticism, according to a research report from Citigroup. Analysts from the US bank, after going through the monetary policy report, believe PBOC would \u201cstay accommodative in managing interbank liquidity\u201d at a time when fiscal impulse is picking up momentum.<\/p>\n

Now, the overall policy tone is expected to stay positive in the run-up to the annual Central Economic Work Conference, which will likely take place over the coming weeks. The meeting, which sets the economic growth target for the following year, typically starts between Dec. 8 and 19, <\/strong>according to data\u00a0compiled\u00a0by Bloomberg based on public announcements since 2018.<\/p>\n

<\/a><\/p>\n

There has been a rigorous\u00a0debate\u00a0among market participants on whether Beijing should set a 5% GDP goal for next year \u2014 and deliver more forceful stimulus to achieve it \u2014 or simply go with consensus at around 4.5%. Recent policy moves seem to tip toward the more ambitious side, offering much needed relief to a fragile stock market.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 11\/27\/2023 – 21:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/more-chinese-pro-growth-signs-come-2024-gdp-goal-eyed<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

More Chinese Pro-Growth Signs to Come as 2024 GDP Goal Eyed By George Lei, Bloomberg Markets Live reporter and strategist President Xi Jinping is\u00a0set to…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1440917","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1440917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1440917"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1440917\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1440917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1440917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1440917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}