- China's GDP target could range between 5%-5.5% and be as high as 6% – Reuters
Market news
2 March 2023
China's GDP target could range between 5%-5.5% and be as high as 6% – Reuters
“China may aim for higher 2023 GDP growth target than the 4.5-5.5% proposed in November,” Reuters reported on Thursday, citing sources involved in policy discussions.
Additional takeaways
“China's GDP growth target could range between 5%-5.5%, and be as high as 6%.”
“China to stick to a long-standing inflation target of around 3%.”
Market reaction
Amidst risk aversion, the AUD/USD pair is failing to capitalize on the report suggesting optimistic Chinese growth prospects. The pair is trading 0.41% lower at daily lows near 0.6730.
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