Chinese Premier Confident in 7.5 Percent Growth in 2014

China is confident about expanding its economy by around 7.5 percent this year, Premier Li Keqiang was quoted by the official Xinhua news agency as saying on Thursday, in line with the government’s growth target.

The remarks from Li, who is on a state visit to Africa, follows data that showed China’s trade sector returning to slight growth in April as orders to the United States and Europe surged, though the outlook remains cloudy.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.

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