China shifts its policy focus to ‘growth stability’ – Nomura

In the wake of the annual meeting of China's Central Economic Work Conference this week, analysts at Nomura are out with their expectations of the Chinese GDP target.

Key quotes

“The memo especially features the ruling party’s return to its long-term core principle of growing the economy since late 1970s.”

“The memo confirms that Beijing has undoubtedly shifted its policy focus to ‘growth stability’, as it faces mounting downward pressure on growth.”