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GLOBAL ECONOMICS

China

24 May 2013GDP growth forecast for 2013 lowered to 7.5% on further signs of slowing activity in Q2 and moves to rebalance the economy
26 April 2013GDP growth slowed to 7.7% in Q1, but pick-up in trade seen delivering full-year growth of about 8% despite some concerns about banking sector problems
28 March 2013Growth of just over 8% still expected this year, but official concern about composition and pace of growth means our forecast for 2014 has been cut to 8.5%
22 February 2013Latest data show pick-up in activity continued in recent months, with GDP still expected to rise to 8.2% this year and then 9% in 2014
31 January 2013Economy past its low point and growth now expected to pick up speed, with our GDP growth forecasts broadly unchanged at 8.2% this year and 9% in 2014
17 December 2012Activity data for November suggest that recovery is beginning to gain traction and we now forecast GDP growth of 8.1% in 2013 and 9% in 2014
29 November 2012Improving data in October suggest that slowdown may have reached its trough, though pace of recovery is likely to be modest
31 October 2012GDP grew by 7.4% in Q3 and economy seems past its low point, but pick-up in growth to be modest at about 8% in 2013
28 September 2012Economic activity continues to slow, with Q3 GDP growth possibly dipping below 7%, so we expect that further fiscal support is in the pipeline
31 August 2012Weaker external demand and construction slowdown weighing on activity, with GDP growth forecasts lowered to 7.2% this year and about 8% in 2013
31 July 2012GDP growth slowed to 7.6% in Q2 and the headline rate could slow further in H2 despite the impact of looser monetary policy
21 June 2012Latest data confirm activity slowed in Q2, but policy support should cushion the slowdown
31 May 2012Latest data suggest economy slowed further in Q2 but hard landing still expected to be avoided as policy is relaxed
24 April 2012GDP growth slowed to 8.1% in 2012Q1 amid mounting political scandal, with exports and investment weak but consumption still strong
23 March 2012Latest data present a mixed picture, with monthly growth in investment reasonably strong but external sector looking worryingly weak
28 February 2012Industrial production appears to have bottomed out at weak levels but consumption is supporting the domestic economy
27 January 2012Growth held up surprisingly well in Q4 at 8.9%, down only slightly from Q3, and is now seen at 8.4% this year despite slowing industrial growth and housing market concerns
22 December 2011Survey data point to GDP growth of 8% in Q4 and further slowdown in H1 next year, with overall 2012 growth now forecast at about 8% as export demand weakens
9 November 2011Only modest slowdown in GDP growth to 9.1% in Q3, but latest survey data point to further easing in coming months, with 8.2% growth seen for 2012 before pick-up in 2013
28 September 2011Trade flows suggest activity held up well in Q3 despite mounting global headwinds, with full-year GDP growth of 8.8% still seen before slowing to 8.3% in 2012
15 August 2011Growth forecasts cut in the wake of global gloom and sliding stockmarkets. And with headline inflation expected to come down soon, we now expect no further rises in interest rates this year unless the global picture improves sharply
4 July 2011Some signs of slowdown from 9.7% GDP growth in Q1, with full-year growth seen at 9% this year and 8.3% in 2012 as monetary policy tightens to curb inflation
24 May 2011Continued policy tightening to counter inflation likely to slow activity in Q2; full-year 2011 GDP growth of 9% still forecast but slowdown to 8.4% seen in 2012
21 April 2011Robust GDP growth in Q1 but efforts to check inflation by raising interest rates and bank reserve requirements will exert some downward pressure on domestic demand during the rest of 2011
4 March 2011Some signs of slight slowdown in activity in early 2011, but full-year growth of close to 10% still seen despite worrying pick-up in non-food inflation
2 February 2011Strong 2.7% rise in Q4 GDP despite investment slowdown meant 2010 growth of 10.3%, with imports rising strongly and only slight slowdown seen for 2011
5 January 2011Growth seen slowing only slightly to 9% in 2011 as consumer spending and investment remain robust, offset by slower export growth as foreign demand weakens and RMB rises
3 December 2010PMI rise signals continued strength of domestic demand in Q4, reinforcing expectation of gradual slowdown in GDP growth to about 9% in 2011 from some 10% this year
29 October 2010Stronger than expected growth in Q3. Combination of solid domestic outlook plus some inflationary pressures prompted first hike in interest rates since the crisis
30 September 2010Signs of stronger output in Q3 despite faltering exports, reinforcing forecast of GDP growth close to 10% this year, with slowdown to 9% seen in 2011 as investment weakens
27 August 2010Growth expected to ease in H2 this year as manufacturing and investment slow but full-year growth still seen at 9.7%, although threat of asset price correction persists
9 August 2010Recent moderation in growth led by slowing in manufacturing and investment, while consumption and services remain fairly robust. Huge resources available to the authorities should limit downside risks to economy
24 June 2010CNY appreciation set to resume given inflation pressures and rising trade surplus, but GDP growth still seen at over 9% this year and next
27 May 2010Mounting concern about inflationary pressure, which may bring tougher policy tightening amid signs of continued strong output growth in Q2 after Q1 11.9% GDP growth
30 April 2010GDP growth very strong at 11.9% in Q1, with surge in imports leading to first trade deficit since 2004 in March, but some signs of slower credit growth
6 April 2010Growth probably remained very strong in Q1 despite credit tightening, helped by export recovery, but inflation is picking up slowly
25 February 2010Monetary policy tightening further as authorities guard against asset bubbles and inflation, but GDP growth still seen rising to 9.6% this year
26 January 2010Q4 GDP rise of 10.7% gives 2009 growth of 8.7%, but authorities tighten monetary policy to rein in credit amid concern about asset prices
24 December 2009GDP growth gathering pace to around 11% in Q4 but some concern about possible asset price boom and higher inflation
19 November 2009GDP growth up to 8.9% in Q3 and set to rise to over 9% in 2010 as net exports offset slowdown in pace of investment
19 October 2009Strong sales, output and investment in Q3 point to 2009 GDP growth of 8.8% despite weak net trade and falling trade surplus
17 August 2009Although quarterly growth will slow from the phenomenally strong rate implied in Q2 data over the coming quarters, growth for 2009 as a whole will be close to the government's target of 8%
13 July 2009Fiscal and credit stimulus providing domestic engine of growth and may lift growth to 8% by end-year but exports still weak
4 June 2009Further signs of pick-up after GDP growth slowed to 6.1% in Q1, but driven by domestic demand rather than exports
23 April 2009GDP growth slowed to 6.1% in Q1, but some signs that policy stimulus is working – pick-up in growth still seen in H2
2 April 2009Monetary and fiscal policy combating slowdown, with bank lending rising strongly, and GDP growth still seen at about 6%
30 January 2009Weaker investment and exports seen cutting growth to 6%, but fiscal boost and consumer demand to help in 2010
12 December 2008Sharp slowdown in industrial output and export growth point to GDP growth slowing to around 7% in 2009
30 October 2008Growth slows to 9% in Q3 with further deceleration to come, but looser monetary and fiscal policy should limit the slowdown
29 September 2008Economy facing slowdown to about 8% in 2009, but inflation now below 5% again gives scope for more policy stimulus
18 August 2008Fear of a steep slowdown is premature. Investment rates are still very high, retail sales are buoyant and the trend slowdown in export growth is fairly modest
21 July 2008GDP growth slowed in Q2 but still above 10% despite sharp fall in trade surplus as oil imports surge
25 June 2008Rise in fuel prices will delay return to lower inflation as economic growth remains robust despite slight slowdown in Q1
27 May 2008Economic losses from Sichuan earthquake small so 2008 growth still seen close to 11%, but downside risks for 2009 mounting
17 April 2008GDP growth down to 10.6% in Q1, but earlier results revised higher and March output and export data suggest renewed pick-up over summer months
31 March 2008Some signs of slight slowdown but another strong year in prospect, although inflation bulge is worrying
26 February 2008January trade data suggest little change in economy compared with late 2007. Inflation of over 7% remains the government's key concern at the moment
25 January 2008“Goldilocks” scenario remains intact as Q4 GDP growth dipped to 11.2% and end-year inflation slowed to 6.5%
18 December 2007Q4 growth seen above 11.5%, with exports still buoyant and consumers unperturbed by rising inflation
20 November 2007Some signs of very mild slowdown but growth still seen above 11% in 2008, adding to possible inflation concerns
26 October 2007Slight easing in GDP growth to 11.5% year-on-year in Q3. Domestic momentum remains strong and exports are still performing well
19 September 2007Signs of slower manufacturing growth but economy on track for 11-12% growth through 2007-08, with inflation set to fall
20 July 2007Economy still powering ahead, with 11.9% GDP growth in Q2 and close to 12% now seen for the full year
14 June 2007Rise in inflation to 3.4% in May, alongside double-digit growth, adds to financial market concerns
25 April 2007GDP growth up to 11.1% in Q1, but concerns about overheating and further policy tightening may be premature
19 March 2007Signs of continued double-digit growth in early 2007 as investment growth recovers after Q4 slowdown and exports stay strong
26 January 2007Another year of double-digit growth expected in 2007 despite investment slowdown in Q4 last year
14 December 2006Mixed signals from exports and manufacturing, but growth looks to be holding above 10%
24 October 2006Q3 GDP growth slows to 10.4%, but expenditure data suggest growth could be even faster
22 September 2006GDP growth may slow from Q2’s 11.3%, but still rampant investment raising concern about impact of excess capacity
19 July 2006GDP growth accelerates to 11.3% in Q2, fastest since 1995, and full-year growth could now top 11%; slowdown still expected in 2007-08
16 June 2006Clampdown on risky lending and excessive investment flagged, reserve ratio hike expected; May indicators bullish, Q2 GDP growth may be above Q1’s 10.3%
31 May 2006Money supply, lending and FAI growth at high levels but no alarm; despite interest rate rise, Beijing looks to sector-specific approach, as with property moves
25 April 2006After Hu's caution on CNY, Beijing signals it may move “a little bit faster” but wants action in return, G7 passes baton to IMF over currencies, both press China
21 April 2006Q1 GDP growth at 10.2% as March output jumps on strong exports and investment, hence policy debate on lending despite sliding inflation; 2006 growth near 9.5%
7 April 2006Q1 business confidence up, business climate mixed, March PMI up on strong orders, margins squeezed but no early crunch, Q1 and 2006 GDP prospects good
17 March 2006Two-month trade, output, FDI and fixed asset investment remain strong and retail sales on track, yet inflation may be falling rather than rising
15 February 2006Higher than expected January exports stoking up US trade pressure ahead of Hu visit; recent rise in CNY prompts talk about possible policy move
27 January 2006Strong investment helped deliver 9.9% GDP growth in 2005, excess capacity fears mount but investment unlikely to be slashed; growth of over 9% very likely in 2006
20 January 2006Upward revisions to GDP and growth, tripling in 2005 trade surplus and rise of USD209bn in reserves all likely to feed calls for CNY move
10 January 2006GDP revised up to nearly USD2 trillion for 2004, GDP growth also increased to just over 10%, forecast remains strong in coming years
24 November 2005Debate on deflation risk continues, government sees solid growth ahead and only limited risk, but profits and FAI point to distortions, steel sector shows global impact
17 November 2005Output, retail sales and exports strong, record trade surplus, but over-production apparent in some areas; talk of underlying slowdown looks very premature
21 October 2005Q3 GDP growth of 9.4% prompts upgrades of market forecasts, soaring FAI and official rhetoric indicate greater emphasis on domestic growth
19 October 2005Fitch upgrades on external strengths and bank reform, slower export growth and rising imports may put surplus under USD100bn; M2 and loan growth edge up
16 September 2005Rebound in investment and monetary growth may signal policy easing; exports and value-added growth buoyant; inflation eases despite oil price impact
22 July 2005CNY ‘surprise’ sprung – very small first step? Operational aspects not yet certain, may lead to major Asian realignment against USD
21 July 2005Farming again boosts GDP growth to 9.5% in Q2, industry growth about stable; suggests underlying GDP growth is around 9%; inflation slows further in June
30 June 2005Fixed asset investment hard to contain, helps push up domestic production and squeeze out imports; May output and retail sales also up, Q2 GDP seen above 9%
15 June 2005Trade surplus soars as import growth remains weak; trade tensions to mount despite EU textiles deal; inflation at 19-month low, Wu sees soft landing
21 April 2005Strong farm output and stable industrial growth hold Q1 GDP growth at 9.5%; very soft landing still in prospect, 2005 growth likely to be close to 9%; March CPI eases
21 March 2005Strong fixed asset investment growth likely to elicit sector-specific response rather than early monetary tightening, no evidence yet of general overheating
2 March 2005Beijing signals caution on CNY, takes steps to ease pressure on unit; rising PMI belies weaker output number but holiday effect hard to read, inflation down again
27 January 2005Q4 and 2004 GDP growth of 9.5% beats forecasts on high farm output; trade and consumer spending also end year strongly; fresh talk of CNY adjustment
29 November 2004Economic data broadly support soft landing although concerns over investment growth and inflation persist; speculation over revaluation renewed
11 November 2004PBOC surprises with first rate rise in nine years; sign of growing commitment to market-based tools and continuing overheating concerns
27 October 2004Q3 GDP, investment, inflation and monetary data provide qualified support for measured economic slowdown, but premature to expect policy relaxation
4 October 2004Tensions with Taiwan escalate; CNY reform high on G7 agenda but little prospect of early change; cooling measures said to be working, banking reforms progress
23 September 2004August data inconclusive regarding extent of slowdown; exports still buoyant; inflation stubbornly high; Hu now paramount leader
6 September 2004Economy is slowing but assessing how fast, and whether a soft landing can be achieved, is complicated by measures used and data quality
20 July 2004Strong evidence that measures are cooling economy as most indicators, including Q2 GDP, slow; talk of hard landing may replace talk of higher interest rates
5 July 2004Administrative measures working in slowing overheated sectors, but interest rate dilemma remains as 5% inflation looms; banking reforms accelerate
16 June 2004No early rate rise despite surge in May inflation; fixed asset data may mean that spending is coming under control; output and trade to slow moderately
27 May 2004Recent measures aimed at rogue industries and banks rather than general risk of overheating; Beijing trying to avoid rate rises, 2004 GDP prospects little changed
30 April 2004Latest data show strong growth continuing but measures to slow economy are being advanced, currency issue still on agenda but not top priority
16 April 2004Fears of overheating grow as Q1 growth hits 9.7%, more measures likely to curb credit driven investment but caution needed over reported investment growth
29 March 2004Cautious bank reform shows why no big CNY move is expected, in spite of US trade pressure; reserve ratio move reflects policy priority, cutting excess local spending
17 March 2004Two-month data show slight slowing in output and exports, soaring imports and deficit; Beijing shifts development priorities but goals may be hard to achieve
16 February 2004January trade deficit and slide in exports reflect distortions, growth strong but set to slow, output also seen easier on steps to restrict lending
22 January 2004Most indicators ended 2003 on a high, but easing export growth and official efforts to curb public spending and pre-empt overheating may slow growth in 2004
21 January 2004GDP up 9.1% in 2003 as rebound to 9.9% in Q4 sets tone for another good year in 2004; exports to continue to support growth, small CNY shift looks possible
14 January 2004Dramatic trade growth was major force in global economy last year, emergence as leading importer to continue, US pressure better aimed at specific issues than CNY
18 December 2003Sharp jump in CPI largely due to food prices; monetary and funding pressures may have peaked yet inflation may be building, some pressure on rates
4 December 2003State planner advocates more controlled growth, higher social spending, but no big change expected; US steps up trade pressure, one-off CNY move not ruled out
28 November 2003Beijing denies serious overheating risk and indicates expansionary policy will be little changed next year, data round also suggests risk may have passed
21 October 2003Beijing plays careful hand on CNY; hot money inflows and FAI pump up money supply, overheating risk lies in unbalanced development and debt not prices
20 October 2003Q3 GDP growth hits 9.1%, may top 8.5% for year, output growth still above 16%, trade values at record high; exporter tax rebates cut as US pressure mounts
18 September 2003Shares languish in face of oversupply and lack of fresh funds, CNY issue to get airing at G7 but no early change expected, CPI and sales up but growth relatively low
15 September 2003Strong rebound in Q3 GDP growth expected, fuelled by high export and output numbers; more US rhetoric over CNY but little change foreseen in near term
22 July 2003CNY ‘surprise’ sprung – very small first step? Operational aspects not yet certain, may lead to major Asian realignment against USD
18 July 2003H1 GDP up 8.2% as SARS curbed, exports and investment growing at 30-35%; consumer rebounds in June, stock variations behind much of GDP swing
16 June 2003May output and FDI pledges slow on SARS, exports still strong but June-July slowdown forecast; epidemic looks to be fading fast
16 May 2003Beijing sees serious economic threat from SARS despite release of buoyant April data, government sets more expansionary policies, struggles to contain epidemic
24 April 2003GDP growth for 2003 will be dominated by bullish 9.9% in Q1 although SARS may curb forecasts, chiefly for Q2; main risk is widening outbreak lasting into H2
23 April 2003SARS revelations and high-level sackings point to fears about political and economic threat posed by epidemic, early test for new leadership and political environment
20 March 2003Bullish trade, output and investment growth all point to robust Q1 growth of at least 8%, indeed 8% growth possible for full year if Iraq war short and oil prices fall
20 February 2003Economy off to flying start in January with exports, output, FDI and money growth all up sharply but imports up even more, expansionary policy still in place
24 January 2003GDP growth expected to ease back from 8% in 2002 to about 7.6% (consensus estimate) for 2003; trade and output growth strong in Q4 last year
17 January 2003Export surge lifts GDP by 8% in 2002 but growth rate likely to slow in 2003, FDI inflows likewise; growth rate remains hostage to any change in government policy
22 November 2002Output growth surges in October on soaring trade surplus, higher retail sales and strong investment, yet deflation persists with prices down 0.8% in October
1 November 2002September deflation unchanged despite surge in money supply, state investment and retail sales; debate brews over whether China is “exporting deflation”
24 October 2002Dramatic surge in September exports and output lifts GDP growth to 8.1%, prompts rise in official forecast to 7.8%, market expectations slightly higher
23 October 2002Jiang trip to US fitting finale to his leadership as establishing working relationship has been cornerstone of policy; understanding seen on proliferation and trade
19 September 2002Hefty state sector pump-priming should keep domestic demand high despite below target consumer spending, 2002 CPI now seen falling 0.7%
18 September 2002Buoyant July-August trade data and rising FDI help deliver strong August output growth and promise bullish GDP growth for Q3
17 July 2002Strong output growth and a rebound in FDI, as well as surging exports, back up the 8% rise in GDP in Q2; rapid growth to continue but slowing by year end
16 July 2002Surge in GDP to 8% in Q2, exports up over 18% and government pumps in spending increases of over 24%; deflation still a black spot but may be fading
17 June 2002GDP growth likely to accelerate further in Q2 on basis of very strong May output and export data, retail sales also jumped though trend still mixed
24 May 2002Retail sales still below par as Beijing struggles to mobilise savings, but pump-primed investment soars along with real estate; CPI forecast cut as deflation deepens in April
17 May 2002Surge in April output, exports and FDI mark strong start to Q2 after better than expected Q1; improved capital account also makes devaluation unlikely
16 April 2002Rising March imports and output, sign of strong domestic economy but could pose threat if export growth remains as slow as March
19 March 2002Two-month output rises strongly led by bullish exports, FDI and more pump priming; Zhu raises GDP growth forecast to 7.5% but outturn could be even better
4 March 2002NPC to endorse further pump priming but concerns mounting about possible costs, given need to refinance industry and banking sectors as well
25 February 2002Banking reforms ahead with WTO-linked changes, listing plans, debt and cost cutting, but scandals show need to change lending habits; interest rates trimmed
13 February 2002Leading banker revives devaluation talk in face of JPY slide but no early move likely; WTO entry effects also uncertain but growth and inflation to weaken
17 January 2002GDP growth slowed in Q4 but was still 7.3% for 2001; trade surplus set to fall in 2002 but export and FDI growth should support solid growth
18 December 2001November export growth shows surprising strength, 2001 and 2002 surplus forecasts revised up; output/prices point to slowing growth and deflation
15 November 2001October export growth falls to zero and output growth slows but retail sales surge helped by official efforts and extra holidays, CPI remains flat
14 November 2001Accession to WTO seen as key strand of economic strategy, widely recognised benefits, important implications for economy as well as trade
17 October 2001GDP and CPI forecasts trimmed after Q3 results, more stimulatory efforts seen in response to exports slide and renewed threat of deflation
16 October 2001Trade holds up well in September, Q4 effect likely but no dramatic slide, WTO entry buoys FDI; bilateral relations with US may benefit from anti-terrorism campaign
18 September 2001Sliding exports hit output growth; retail sales and CPI point to weaker domestic demand; Beijing determined to sustain growth with heavy pump priming
18 July 20012001 growth forecast trimmed as pump priming and FDI largely offset weaker external demand
26 June 2001Hopes for breakthrough on WTO accession but evidence of rising trade pressure in Q2 as robust domestic demand reinforces view that exports are problem area.
15 June 2001Upbeat official talk on GDP belied by below par May output growth and slide in exports, further deterioration could spur action, new trade and CPI forecasts
5 June 2001Upbeat official talk on GDP belied by below par May output growth and slide in exports, further deterioration could spur action, new trade and CPI forecasts
5 June 2001Upbeat official talk on GDP belied by below par May output growth and slide in exports, further deterioration could spur action, new trade and CPI forecasts
17 May 2001Robust April output data show that economy is sustaining strong forward momentum, higher FDI and state investment offsetting slower exports.
19 April 2001First quarter GDP growth exceeds expectations as strong state spending lifts industrial output and March exports hold up well.
19 April 2001null
12 April 2001Return of US aircrew averts major crisis but affair will still impact on trade and strategic relations, Taiwan is now the big issue, Chinese leadership questions raised.
16 March 2001NPC ends with no fresh initiatives, early year data distorted by holiday but export and output slowdown modest and no prices threat seen, FDI surges.
13 March 2001Crackdown on stock market abuses undermines investor confidence but clean up is necessary so as to push on with reform process.
12 March 2001Do-nothing budget leaves options open but fiscal stimulus probably not needed and early tax reform unlikely, 3.8 per cent growth seen after 10.5 per cent in 2000.
8 March 2001NPC announcement of big rise in military spending prompts sharp exchanges with US over Taiwan, pointing to a harder line in bilateral relations.
5 March 2001NPC to endorse heavy pump priming in 2001 as external impetus falters on sliding exports, although actual FDI is seen rebounding on WTO effect.
21 February 2001January output growth slows further, 9 per cent target set for 2001, CPI rate unchanged in January but data hard to read, policies not seen causing prices surge.
16 February 2001Strong 2000 GDP growth relied on not be repeated better than expected exports growth; 2001 growth forecast of 7.4 per cent on stronger consumption/investment.
13 February 2001Crackdown on stock market abuses undermines investor confidence but clean up is necessary so as to push on with reform process.
5 February 2001Inflation stayed high in December after November rise even as sales slowed, Beijing to guard against prices surge in 2001, forecast unchanged.
18 December 2000Inflation surges, output slows and exports growth slides confirming rather different outlook for 2001 but no major problems seen, policy unchanged.
20 November 2000Second month of zero inflation in October despite sizeable boost to retail sales from extended National Day holidays, CPI forecasts adjusted.
18 October 2000Robust nine-month GDP data warrant increase in 2000 growth forecast on strong investment, exports and possibly retail sales.
22 September 2000US Senate approval for China trade bill marks start of more direct engagement on trade as administration prepares tough monitoring and enforcement of compliance.
19 September 2000August results suggest some recent trade surplus and inflation forecasts are a bit too high, imports outpace exports again and CPI inflation stubbornly low.
18 September 2000Beijing increasingly reliant on pump-priming as net exports growth starts to slow and efforts to boost consumption falter, fiscal stimulus appears to be working.
18 August 2000Trade surplus and inflation forecasts adjusted slightly on latest data, output figures confirm that robust manufacturing growth continues unabated.
19 July 20002000 GDP growth forecast raised at 7.9 per cent after strong first half, Beijing promises continued pump-priming; CNY seen strong.
17 July 2000Industrial output and exports growth accelerate further in June as economy fires on all cylinders, Beijing reaffirms commitment to maintain stimulus, FDI encouraged.
26 June 2000Albright visit sets tone for Sino-US relations in the wake of WTO vote, Taiwan election and Korean summit; May trade data bullish, surplus forecast raised.
14 June 2000GDP forecasts revised up in expectation of solid second quarter performance as exports fire strong industry growth, clear return to "positive inflation" comes closer.
26 May 2000WTO accession finally agreed though procedures will take time to complete, continued friction with US likely but confrontational approach unlikely to work.
19 May 2000Growing hope that domestic consumption growth may rise; trade investment and monetary trends also favour higher GDP growth yet deflation continues.
18 May 2000WTO accession process reaches critical stage as EU pushes for deal and US Congress votes on PNTR, China exports continue to surge, pushing along output growth.
20 April 20002000 GDP growth forecast raised to 7.5 per cent after strong first quarter; sales, investment and FDI looking up but price deflation still clear cut.
17 April 2000State sector remains the overriding policy priority and key factor forcing pace on equity market development but unemployment poses huge fiscal and social challenge.
14 April 2000Strong March output growth led by buoyant exports bodes well for first-quarter and full-year growth, rising FDI ahead of WTO accession is also expected to contribute.
17 March 2000Emphasis on pump priming remains though economy started year strongly, Zhu stresses need to push on with state sector reform and prepare for WTO entry.
29 February 2000January output rise based narrowly on export surge and foreign-funded sector, consumer price deflation falls close to zero but January data alone may not be good guide.
21 February 2000WTO negotiations resume but accession not now seen until second half, if then; limiting impact on 2000 trade account, forecast tweaked after bullish year start.
31 January 2000Official confidence on budget hard to justify despite soaring revenues in 1999; growth in receipts will be slower in 2000 and spending could soar, led by welfare.
26 January 20002000 GDP growth seen close to official target, possibly at 7õ20after 1999 growth hit 7.1õ20as bullish exports made up for weakness elsewhere.
13 January 2000Party endorses strong growth strategy and sets priorities going into an uncertain period of leadership change and heightened political risk.

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