A look at the day ahead in U.S. and global markets from Alun John'Fair enough I suppose' seems to be markets' response to China's comparatively-modest 5 per cent 2023 growth target announced on Sunday. There were small dips in onshore Chinese stocks, the yuan and oil, but Hong Kong shares followed the
"Fair enough I suppose" seems to be markets' response to China's comparatively-modest 5 per cent 2023 growth target announced on Sunday.
This year's growth target of around 5 per cent was at the low end of expectations, as policy sources had recently told Reuters a range as high as 6 per cent could be set. It is also below last year's target of around 5.5 per cent, though up from last year's actual 3 per cent figure. "Overall, the government realises the strength and weaknesses faced by the economy. It is not overly optimistic and does not spend too much to boost growth. It focuses more on longer-term growth challenges," said ING's chief economist for Greater China Iris Pang.On the subject of investors looking for good news, U.S. treasury yields are down for a second session in a row, with the benchmark 10-year yield at 3.
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