Analysts at Australia and New Zealand Banking Group (ANZ) provide their insights on the efforts likely to be stepped up by the Chinese authorities to boost the economic growth in the coming months.
Key Quotes:
“We believe China will take a more proactive stance to support economic growth in the H2 2018.
State Council may launch some growth-boosting measures, which should help turn around weakening growth in infrastructure spending.
We see this ultimately supporting steel and iron ore market, with the latter likely to push back towards USD70/tonne.
A recent State Council meeting called for an acceleration in fiscal spending, which may help to provide funding for infrastructure projects.”
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