Mainland institutions don’t expect major policy easing measures or structural reforms – Goldman Sachs
MACRO POLICY & REGULATION VIEWS & ANALYSIS
Mainland institutions don’t expect major policy easing measures or structural reforms – Goldman Sachs
MACRO POLICY & REGULATION VIEWS & ANALYSIS

Mainland institutions don’t expect major policy easing measures or structural reforms – Goldman Sachs

 

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As the Chinese economy grew at a significantly slower pace in Q2, market participants have expected more policy easing measures to be announced to support economic growth, Goldman Sachs said in a note.

The broker recently spoke with onshore clients in Beijing, including asset managers in insurance companies, mutual funds and private equity funds and the clients do not expect major policy easing measures or structural reforms to emerge, it said.

While the consensus among local clients is that the overall policy stance will become more supportive in the near term compared to the second quarter, they view the additional easing measures as policy injections to reduce headwinds to economic growth, rather than measures that will lead to strong growth, it said.