Introducing The ‘Li Keqiang Put’

Posted by Matthew Boesler - Business Insider

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Screen shot 2013-07-12 at 6.35.19 AM

Screen shot 2013-07-12 at 6.35.19 AMOn Monday, China will report GDP growth figures for the second quarter.

Market economists expect the government to announce an annual growth rate of anywhere between 7.3% and 7.8%, with the median estimate at 7.5%.

With a forecast of 7.6% year-over-year GDP growth in the Q2, BofA Merrill Lynch economist Ting Lu is relatively bullish on China.

In a note to clients today, he asserts….

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