China's Low GDP Target Gives Beijing Room to Address Market Risks
After the mainland Chinese stock markets significant gains over the last six months, investors are focused on two things, Tai Hui, chief Asia market strategist at JPMorgan Asset Management, said Wednesday. One is concerns over a rollback of supportive fiscal and monetary policy based on comments out of Chinas annual parliamentary meeting; the other is the sell-off in the U.S. market, particularly in high-flying technology stocks, he said. Top officials from the Peoples Bank of China and banking...
Source: nbcconnecticut.com