Macro Comment ChinaPolicy stimulation to salvage forecast

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Although the May macro data were weak, they contained no big new disappointments, and lower-than-expected inflation opens the way for policy stimulation. Last week's rate cut came on top of earlier announcements of accelerated investment projects and should keep growth above 8% for this year.

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Knut Anton Mork

Chief Economist Norway

Norway and China

knmo01@handelsbanken.se

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