China’s economy likely grew slightly above the government’s annual target in the second quarter according to the Bloomberg survey of analyst expectations.
Bloomberg is gated, but in brief:
Bloomberg’s survey forecasting a 5.1% year-on-year GDP increase for the quarter ending in June
Growth was supported by
strong export performance, aided by a trade truce with the U.S., continued fiscal measures to bolster domestic demand
As a result, many economists believe Beijing may pause additional stimulus for now.
However, Citi and Nomura anticipate further policy easing later in the year, projecting a 10 basis point interest rate cut and a 50 basis point reduction in banks’ reserve requirements, as the effects of earlier stimulus and front-loaded exports begin to wane in the second half.
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the data is due on Tuesday, July 15, 2025 at
0200 GMT2200 US Eastern time (on Monday, July 14, 2025)
This article was written by Eamonn Sheridan at www.forexlive.com.