BLOOMBERG Bloomberg Markets Asia July 13, 2024
Planning to sell bonds and admitting gdp targets this year stemming from uncertainties due to the Global Pandemic. Ourinda lets get to markets, anger markets coanchor Tom Mackenzie in the forbidden city. China dropped its gdp target for the First Time Since 1994. That is significant. Tom it is. Our bloomberg sources expected they would do this, but the economists werent entirely sure. They have dropped the gdp target completely, facing up to the economic reality. This was the result of the coronavirus. You saw First Quarter gdp in china drop. Surveys suggest you will get 1. 8 growth for 2020. ...