The Chinese economy is likely to return to trend growth after its V-shaped recovery saw a record pace of expansion last quarter, Goldman Sachs economists wrote in their latest client note released on Tuesday. Key quotes (via Bloomberg) “The economy appears to have passed a turning point.” “Policy focus has also shifted from helping the economy heal from the COVID-19 downturn to addressing long-term stability and growth issues.” “Compared to 2019 to avoid distortions from last year’s activity collapse, exports and property sales are clear outperformers, while housing starts and manufacturing investment underperformed.” “With meaningful slack remaining, household consumption should play catch-up, but probably at a measured pace given the weight of uncertainties and the long way toward herd immunity.” Related reads Ex-IMF Official: China needs structural reform for economy China’s Pres. Xi: Meddling in others internal affairs would not get one any support FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD trims a part of its intraday gains, still well bid around 0.7775-80 area FX Street 2 years The Chinese economy is likely to return to trend growth after its V-shaped recovery saw a record pace of expansion last quarter, Goldman Sachs economists wrote in their latest client note released on Tuesday. Key quotes (via Bloomberg) "The economy appears to have passed a turning point." "Policy focus has also shifted from helping the economy heal from the COVID-19 downturn to addressing long-term stability and growth issues." "Compared to 2019 to avoid distortions from last year's activity collapse, exports and property sales are clear outperformers, while housing starts and manufacturing investment underperformed." "With meaningful slack remaining, household consumption should… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
