Similar Stories to Jpmorgan Says China Is Going To Bring In Stimulus To Protect Its Economy While It Controls The Spread Of Covid on Bing News

People queue for Covid-19 tests in Shanghai, China.Wang Gang/VCG via Getty Images. JPMorgan says China will need to inject more monetary stimulus to protect its economy from the spread of COVID. Strategist Kerry Craig says the country will need extra support to achieve its growth target once restrictions ease. Any stimulus won't be heavy-handed and would be more managed as China is in a "delicate position," he Craig told CNBC. JPMorgan says China has multiple targets to hit this year and it will need stimulus measures to achieve them.Speaking to CNBC's "Squawk Box Asia" on Monday, JPMorgan global market strategist Kerry Craig said China is seeking to achieve 5.5% growth for the economy, tame the spread of coronavirus infections through its zero-COVID policy, and support the housing market."China is in a very delicate position", he said.

 

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