0718 GMT - Recent positive sentiment over China's economy boosted by DeepSeek optimism may not be sustained as U.S.-China tensions could rapidly escalate, Nomura analysts write in a note. Markets had previously expected stronger stimulus measures to come from Beijing, but have become more realistic recently, they say. Given supportive trade-in programs and front-loading of shipments amid tariff worries, Nomura projects China's real GDP growth to stay at 5.0% in 1Q. Somewhat similar to previous years, the Chinese economy may get off to a relatively good start only to face stronger downward pressure later, they say. Beijing will likely set its 2025 growth target at around 5% again to instill confidence, Nomura says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 26, 2025 02:18 ET (07:18 GMT)
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