China's M2 growth decelerated a little to 13.9% at the end of Nov. from last month's 14.1%, but it's still basically in-line with the official target of 14% growth, Societe Generale economist Yao Wei says, adding that various data indicates that China's credit growth is stable and monetary policy remains relatively loose. China's economic recovery is on track and "in the near term there is no need for the central bank to do more and we expected they won't make any big policy move like an interest rate cut or a reserve requirement cut," she says. The M2 figure is also below the median 14.2% increase forecast by 15 economists polled earlier by the Dow Jones Newswires.
Find us on Google+
No comments:
Post a Comment