Citigroup ：China Economics View：2H Outlook [推广有奖]

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zhou_yl 发表于 2017-7-7 21:03:42 |AI写论文

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Citigroup 7 月 6 日长篇报告，44页。
　　‘Steady boat’theme has played out，but not without surprises—In keeping with our‘steady boat’theme of Dec-16，Chinese policymakers have 1）set a lower growth target to ease strains from structural imbalances，2）tightened the capital account to contain large outflows，3）stabilized the CNY/USD rate，and 4）acted with discipline and flexibility to avert a trade war with the US.But what has taken us by surprise is the unleashing of a rash of regulations，which have increased not only financial volatility but also risk premium.We see 3 themes dominating 2H17-2018.