The pick-up in the European economy is clear, as evidenced by the continued pick-up in domestic demand and given that signs of recovery are being observed in exports. The Chinese economy continues to see stable growth on the back of firm domestic demand.
In addition, the authorities’ stance that they will continue to pay consideration to economic activity while progressing with structural reforms is affirmed particularly by the fact that the Chinese government set the GDP growth target for 2014 at around 7.5 percent, the same level as the previous year.