Reported about 16 hours ago
Goldman Sachs anticipates that Chinese authorities will significantly accelerate fiscal easing measures in response to higher-than-expected tariffs from the U.S., which are projected to reduce China's GDP growth by at least 0.7 percentage points in 2025. The firm maintains its GDP growth forecast at 4.5%, citing positive first-quarter data and rising expectations for policy easing, while adjusting its earnings growth forecast down to 7%. The People's Daily hinted at potential monetary policy adjustments and extraordinary measures to stimulate domestic consumption.
Source: YAHOO