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China growth moderates in April

Summary:
After a strong first quarter for Chinese growth, signs point to a weaker Q2.Latest hard data indicate that China’s growth momentum moderated in April, after a strong Q1. Industrial activity, fixed investment and consumption all weakened in April.In the context of escalating trade tensions with the US, we expect the Chinese government to step up stimulus measures to support growth in the coming months, especially in the area of infrastructure investment and household consumption.Given the potential increase in policy support, we maintain our 2019 Chinese GDP growth forecast at 6.3% for now.Read full report here

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After a strong first quarter for Chinese growth, signs point to a weaker Q2.

Latest hard data indicate that China’s growth momentum moderated in April, after a strong Q1. Industrial activity, fixed investment and consumption all weakened in April.

In the context of escalating trade tensions with the US, we expect the Chinese government to step up stimulus measures to support growth in the coming months, especially in the area of infrastructure investment and household consumption.

Given the potential increase in policy support, we maintain our 2019 Chinese GDP growth forecast at 6.3% for now.

About Dong Chen
Dong Chen
Dong Chen is senior Asia economist, Pictet Wealth Management. - Twelve years of working experience in macroeconomic research - Extensive knowledge about asset allocation and multi-asset class portfolios - Rich client-facing experiences with high-net-worth clients across Asia - Rigorous training in economics and comprehensive knowledge about Asian economies and business - Strong analytical skills and solid background in statistical/econometric analysis - Strong communication / presentation skills - Native Mandarin Chinese speaker and fluent in English Do not hesitate to contact Pictet for an investment proposal. Please contact Zurich Office, the Geneva Office or one of 26 other offices world-wide.

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