Roundup Of China And Overseas Macro Front

SHANGHAI, Jul 4 (SMM) – Macro: Last week, global interest rate rise expectations were back, with the IMF's Deputy Managing Director insisting on more hikes to curb inflation to the target 2%.

SHANGHAI, Jul 4 (SMM) – Macro: Last week, global interest rate rise expectations were back, with the IMF's Deputy Managing Director insisting on more hikes to curb inflation to the target 2%. Federal Reserve Chairman, Powell, anticipated another two hikes this year. Similarly, ECB's President hinted at further hikes in July. In contrast, China's economic policy focused on boosting expenditure. Premier Li Qiang voiced confidence in hitting a 5% annual growth target, with the State Council emphasising targeted measures to increase household consumption.