UBS On-Air: Paul Donovan Daily Audio 'Do targets matter?'

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Recorded05 Mar 2024

Publishersecure.ubs.com

Handlerec:4544194

Show notes

China announced a growth target of around 5%. China’s officials are strongly motivated to ensure official numbers meet the target, but do investors care? China’s domestic growth rate is more important to global companies (who make goods in China to sell in China) than to the global economy. China’s imports for domestic use are limited in volume. The quality of growth also matters. Were growth to come from increasing the consumer share of the economy, it might have more of a global impact.

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