state council: With Beijing's growth-boosting policy portfolio taking time to kick in over the coming months, Chinese officials and economists have confidence that the world's second largest economy is likely to accelerate at a rate higher than 6.4 percent in the next three quarters, according to Global Times China. In early March, the State Council, China's cabinet, set a growth target for this year of 6-6.5 percent in its government work report to the people. A massive stimulus package, increasing investment and output of high-tech industrial lines have fired up the once sputtering engine. That target is within easy reach. Over the weekend, a rare telephone talk between US President Donald Trump and former president Jimmy Carter revealed that the sitting president is worried about China getting ahead of America. The upbeat growth data for China will buoy up global markets, but it won't cheer everybody up.
(news.financializer.com). As
reported in the news.
Tagged under state council, stimulus package topics.