Chinese equities jump 5% on the back of Beijing's 'full confidence' in hitting growth targets

No details on further fiscal support

Eve Maddock-Jones
clock • 2 min read

Chinese equities opened trading with a strong bounce after Beijing’s top economic planner outlined the authorities' total confidence the country would hit its growth targets for the year, although they gave no details of further fiscal support.

The head of China's National Development and Reform Commission (NDRC) Zheng Shanjie told reporters in Beijing "we are fully confident in achieving the goals of economic and societal development for the year", according to reports. At the beginning of 2024, the Chinese government set an economic growth target of 5% for the year. This was in contrast to international expectations, as China's economic growth had slowed in recent years, and was projected to decelerate to 3.3% by 2029 by the International Monetary Fund. Chinese equities surge on the back of biggest stimulus package in y...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

JPMAM's Nandini Ramakrishnan: Emerging markets show strength in a choppy world

JPMAM's Nandini Ramakrishnan: Emerging markets show strength in a choppy world

Valuable hedge against global uncertainties

Nandini Ramakrishnan
clock 01 July 2025 • 4 min read
China's monetary stimulus plan not enough to offset Trump's tariff onslaught

China's monetary stimulus plan not enough to offset Trump's tariff onslaught

‘Marginal’ 10bps cut to benchmark rate

Sorin Dojan
clock 08 May 2025 • 3 min read
SMT's Tom Slater: China remains a relevant player amid global market tumult

SMT's Tom Slater: China remains a relevant player amid global market tumult

18% share of the world economy

Sorin Dojan
clock 02 May 2025 • 3 min read
Trustpilot