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<Research>Citi Expects Strong CN Exports to Be Key to Econ Growth This Yr, Targets USD/CNY at 6.8 in Next 6-12 Mths
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China's trade performance was strong at the end of last year, with both imports and exports beating expectations, Citi Research issued a research report saying. On an annual basis, exports grew by 5.5% to US$3.8 trillion, while trade surplus reached US$1.2 trillion, both setting new records in modern history. Citi Research believed that China's robust exports will further increase the likelihood of achieving a 5% GDP growth, and it is likely to continue to be a key driver of economic growth this year. The broker forecasted that USD/CNY will be around 6.8 in the next 6-12 months. Solid economic data and heightened market sentiment are boosting the equity market, which may delay cuts in interest rates/ RRR. Citi Research also believed that a reduction in LPR may still occur in 1Q26, but it may not happen next week. AASTOCKS Financial News Website: www.aastocks.com |
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