China: Lockdown fears eclipse positive results in fundamentals – UOB By pabspiovano China Banks
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest set of data releases in the Chinese economy.“China’s Jan-Feb data surprised strongly on the upside, suggesting that the policy easing measures are working through. Despite the strong start to the year, the Russia-Ukraine conflict and worsening domestic pandemic warrant a more cautious outlook.”
“We still maintain our forecast for the benchmark 1Y LPR to fall by another 15bps to 3.55% by the end of 2Q22. There is also possibility for a further cut in the reserve requirement ratio to help lower the funding costs for banks.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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