Premier Li Keqiang said on Sunday the foundation for stable growth in China needed to be consolidated, insufficient demand remained a pronounced problem, and the expectations of private investors and businesses were unstable. Policy sources had told Reuters a range as high as 6% could be set for 2023.
economy,” said Vandana Hari, founder of oil market analysis provider Vanda Insights.Ĭhina’s closely watched growth outlook, announced on Sunday, was lower than its 5.5% gross domestic product (GDP) growth target last year. “Crude remains in a tug-of-war between optimism over Chinese reopening and nervousness over a hawkish Fed hurting the U.S. CL1! chart by TradingView Brent crude futures were trading down 81 cents, or 0.94%, at $85.13 a barrel.
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