17 Jul 2014
China: Further selective easing expected - Nomura
FXStreet (Bali) - Nomura Economists maintain their constructive view in China, noting that GDP growth is expected at 7.5% for the full year, assisted by further selective easing policies.
Key Quotes
"We maintain our view that the government will loosen monetary, fiscal and property policy further in Q3, which should help drive a further recovery."
"We believe property investment growth will continue to slow in H2 owing to structural oversupply, but this should be more than offset by other sectors, notably infrastructure spending."
"For the full year, we continue to expect GDP growth of 7.5%, but do not believe the recovery is sustainable in the medium term; we continue to expect growth to slow to 6.8% in 2015."
Key Quotes
"We maintain our view that the government will loosen monetary, fiscal and property policy further in Q3, which should help drive a further recovery."
"We believe property investment growth will continue to slow in H2 owing to structural oversupply, but this should be more than offset by other sectors, notably infrastructure spending."
"For the full year, we continue to expect GDP growth of 7.5%, but do not believe the recovery is sustainable in the medium term; we continue to expect growth to slow to 6.8% in 2015."