Mumbai, 08 Oct (Commoditiescontrol): China’s National Development and Reform Commission (NDRC) dashed investor hopes today by refraining from announcing any significant new stimulus measures, despite expressing confidence in meeting the country’s economic growth target for the year.
At a closely watched press briefing, the NDRC reaffirmed its commitment to achieving the government's 5 percent GDP growth goal for 2024 but stopped short of unveiling additional fiscal measures. Investors had been anticipating substantial stimulus initiatives to accelerate economic recovery, leaving markets disappointed.
Earlier actions had fueled expectations of trillions of yuan in fiscal stimulus aimed at bolstering confidence. However, persistent concerns remain over China's ability to sustain long-term growth. Recent economic indicators, including sluggish consumer spending and a prolonged property sector downturn, suggest that hitting the growth target may be challenging. Trade tensions have further complicated the outlook, pressuring key growth drivers such as electric vehicle exports.
The lack of fresh stimulus raises concerns about the timeline for China’s economic recovery, with implications for global commodities markets. Weaker demand from the world’s largest metal importer may continue to weigh on metal prices, as the economic revival remains uncertain.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
