Chinese Indexes Drop as Growth Target is Reduced for 2015 - 5th March 2015

March 5, 2015 - PRLog -- Hexagon Capital Management is a privately held wealth management company that manages hundreds of client assets in a wide range of products and services with a non biased, client orientated program that is tailored to each individual or corporate requirement.

Chinese Indexes Drop as Growth Target is Reduced for 2015 - 5th March 2015

the main indexes in China saw slight reductions today as the government revised down its growth forecast for 2015 to 7%.

As it continues its 10 day conference the Chinese authorities have confirmed that GDP is expected to grow by just 7%, lower than 2014's target of 7.5% which was not met, a situation that has not happened in China for almost 24yrs.

The news came a few days after the PBOC confirmed its second rate cut so far this year.

The Central Bank has been doing its utmost to avoid deflation and has implemented several schemes aimed at driving the economy forward, most notably commitments to improve infrastructure by ramping up efforts in rail, air and road networks as they look to connect the country.

With the Hang Seng down by over 1% and the Shanghai Composite down nearly 2%, some consolidation of the recent good spell can be accounted for as well as caution before the ECB's announcements on its QE program due to start this month.

With a strong dollar the Chinese will benefit in exports and direct foreign investment, whether the central bank will look to more stimulus in the coming weeks is yet to be seen and many will be keen to hear what is being discussed by the leading party whilst its annual conference draws to a close.

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