0425 GMT - China's economic growth target was left unchanged from last year's, suggesting authorities are confident about the domestic outlook given the developments in the field of AI, ANZ economists say in a note. The 2% inflation target is well above current levels, but ANZ thinks it's not as hard a target as the GDP one. China's actual deficit to GDP ratio, which includes both the general public and government funds budgets, will rise to 9.9% this year, according to ANZ estimates. "This reflects the need to not only stimulate growth, but also prevent risks," they say. Beijing will spend on trade-in programs, state bank recapitalization and buying idle lands this year, they say. Meanwhile, the policymakers preserved policy room for future headwinds as Premier Li mentioned that Beijing will cut interest rate and the RRR at an appropriate time, they add.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 23:25 ET (04:25 GMT)
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