Tag Archives: Chinese GDP forecast

Downward pressure on growth persists amid ongoing trade tensions.Chinese real GDP growth came in at 6.2% year-over-year (y-o-y) in Q2, down from 6.4% in Q1, and the lowest quarterly growth in over two decades.The tertiary sector (mainly services) continued to lead growth, expanding by 7.0% y-o-y in Q2, the same as in Q1. In comparison, growth in the secondary sector (mainly manufacturing) declined to 5.6% y-o-y, from 6.1% in the previous quarter.From an expenditure perspective, consumption...

Downward pressure on growth persists amid ongoing trade tensions. Chinese real GDP growth came in at 6.2% year-over-year (y-o-y) in Q2, down from 6.4% in Q1, and the lowest quarterly growth in over two decades. The tertiary sector (mainly services) continued to lead growth, expanding by 7.0% y-o-y in Q2, the same as in Q1. In comparison, growth in the secondary sector (mainly manufacturing) declined to 5.6% y-o-y, from...

Latest data suggests continued growth moderation in Q3. Our 2018 Chinese GDP forecast remains unchanged, but we see potential downside risk.In August, Purchasing Manager Indices (PMIs) sent mixed messages about the Chinese economy. Official PMIs compiled by the national bureau of Statistics and the China Federation of Logistics and Purchasing showed the market picking up slightly in August, while the Markit PMIs (also known as the Caixin PMIs) indicated further growth deceleration. Taking...