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Stock impact report

China growth target achievable if backed by more stimulus, analysts say [Yahoo! Finance]

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Yahoo! Finance
further stimulus measures in monetary, fiscal and regulatory policy, analysts said. "Further stimulus measures will (need to) be announced ... to achieve the targets set out," Bill Maldonado, the head of asset manager Eastspring Investments, told the Reuters Global Markets Forum. Premier Li Qiang's maiden work report fell short of expectations on several measures, said Shuyan Feng, deputy general manager for investment management at Huatai Asset Management, pointing specifically to the country's budget deficit as well as plans to issue 1 trillion yuan ($139 billion) in special ultra-long term treasury bonds. Foreign investors saw the report as lacking any positive indicators, she said. Feng, whose firm handles over $100 billion in assets, was concerned about several aspects of China's fiscal support policies and the administration's communication style, expressing disappointment at the absence of any additional measures on an expected real estate rescue package. Kyle Rodda, Show less Read more
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