Goldman Sachs recently raised its forecasts for China's gross domestic product (GDP) growth for this year and the next to 4.9 per cent (from 4.7 per cent earlier) and 4.7 per cent (from 4.3 per cent earlier) respectively, citing the country's recent pro-growth measures."The latest round of China stimulus clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy," said economists at the investment bank in a research note to clients.
Goldman Sachs recently raised its forecasts for China's GDP growth for this year and the next to 4.9 per cent (from 4.7 per cent earlier) and 4.7 per cent (from 4.3 per cent earlier) respectively.
"The latest round of China stimulus clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy," it said in a research note to clients.
China’s GDP growth last year was 5.2 per cent and its growth target was around 5 per cent for this year.
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