From Hong Kong's The Standard, April 15:
Two investment banks cut their forecast about China’s economic growth by as many as 0.6 percentage points, citing the impact of US tariffs and deflationary pressures.
Morgan Stanley expects China's gross domestic product to expand 4.2 percent this year, 0.3 percentage points below the previous forecast, based on the estimates that a 0.9 percentage point economic drop on tariff shock will be partly offset by a 0.6 percentage point rise brought by additional stimuli.
It projects that Beijing would implement the 2 trillion yuan (HK$2.12 trillion) stimulus package announced by the National People's Congress in advance this quarter.
Measures could include lowering the deposit reserve ratio by 0.5 pps and cutting interest rates by 0.15 percent, as well as issuing construction bonds for local governments, boosting consumer product trade-in and offering maternity subsidy....
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