0851 GMT - China could lower its 2025 inflation target to 2% from 3%, Goldman Sachs analysts say in a research note. China's 31 provinces held their local Two Sessions earlier this month, in which they set the their regional 2025 economic targets. GS predicts the local targets shed light on what may be the national targets, which will be unveiled in March. Most provinces lowered their CPI targets to around 2%. China's inflation guidance is widely perceived as a ceiling rather than a realistic goal, especially after headline inflation stayed below 1% in recent years, they note. If the likely lowered guidance is meant for moving toward a target, this would imply more policy measures will be implemented to boost demand and eventually market sentiment. However, if it remains an effective ceiling, it would have none to even a negative impact on market sentiment, they add. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 23, 2025 03:51 ET (08:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。