China's Bottom-Line Growth Remains Ambiguous: MacquarieVW Staff
Investors were closely watching the words of China’s top leaders last week. Investors were thrilled by Premier Li Keqiang’s comments that China should maintain the “bottom line” of economic growth and employment. The market interpreted the “bottom line” as a 7.5% growth target and speculated a round of “moderate stimulus” especially after disappointing trade numbers in June (exports -3.1% YoY, imports -0.7%).
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