{"id":186245,"date":"2023-03-07T11:45:00","date_gmt":"2023-03-07T16:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=186245"},"modified":"2023-03-07T11:49:49","modified_gmt":"2023-03-07T16:49:49","slug":"aim-low-and-avoid-disappointment","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/aim-low-and-avoid-disappointment\/","title":{"rendered":"Aim Low And Avoid Disappointment"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>The Chinese government&nbsp;<a href=\"https:\/\/uk.news.yahoo.com\/china-sets-modest-growth-target-011050543.html\">announced<\/a>&nbsp;a pretty unambitious growth target over the weekend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What does this mean?<\/h2>\n\n\n\n<p>2022 won\u2019t be going down in the history books as a great year for China: with lingering lockdowns weighing on businesses and consumers alike, the world\u2019s second-biggest economy only managed to clock up 3% growth \u2013 a serious fizzle after pre-pandemic years. Naturally, folks had high hopes for the country\u2019s reopening, especially after sentiment in the manufacturing sector hit its highest level in more than ten years last month. And the nation\u2019s increasingly clogged roads might well have motorists sighing, but they\u2019ve got economists all goggle-eyed about how busy businesses must be. That meant observers were extra disappointed by the government\u2019s 5% growth target \u2013 its lowest in more than thirty years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming in:&nbsp;<\/em><\/strong><em>Not the end of the world.<\/em><\/p>\n\n\n\n<p>That target could be a wily move: China fell miles short of last year\u2019s growth target, so the country might only be aiming low in order to meet (or beat) expectations this time. And the government announced some encouraging initiatives as well, like making domestic demand \u2013 that\u2019s consumer spending and business investment \u2013 this year\u2019s top priority. Talk of expanding market access for foreign investors, upping employment, and managing risk in the property sector is promising too \u2013 so don\u2019t let the headline figure get you down.<br><br><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>Compromised commodities.<\/em><\/p>\n\n\n\n<p>China also revealed a new, smaller quota for special government bonds \u2013 a move that could trigger cutbacks by the local authorities counting on them to fund infrastructure. Combined with lower growth, that could spell trouble for the global commodities that China imports by the boatload. No surprise, then, that the prices of steel and oil both dropped on Monday.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted March 6, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/aim-low-and-avoid-disappointment\/\">Aim Low And Avoid Disappointment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese government\u00a0announced\u00a0a pretty unambitious growth target over the weekend.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,18,8,9,26,3],"tags":[216,14229,14874,14875],"contributors-categories":[13597],"class_list":{"0":"post-186245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-asia","7":"category-macro","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-china","13":"tag-china-outlook","14":"tag-chinese-government","15":"tag-growth-target","16":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - 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