Chinese GDP higher than forecast in Q2; we expect 2017 GDP growth of 6.8%.Chinese GDP for Q2 2017 grew by 6.9% year-on-year (y-o-y) in real terms, the same pace of expansion as in Q1. The growth figure beats both the consensus forecast and our own estimate. We have decided to revise our Chinese GDP growth forecast for 2017 to 6.8% from 6.5%, and the forecast for 2018 to 6.3% from 6.2%. These revisions reflect both the stronger-than-expected growth in Q2 and a better outlook for the near term...
Read More »China GDP beats expectations, but no change in core scenario
China’s Q1 GDP higher than forecasts, but we maintain our view that growth will start to slip, especially in the second half of 2017.Chinese GDP grew 6.9% year-over-year (y-o-y) in real terms in Q1 2017, up from 6.8% in Q4 2016 and 6.7% for the full year of 2016. The strong growth figure beats both the consensus forecast (6.8%) and our own estimate (6.7%). In nominal terms, the rise in GDP was even more significant, growing 11.8% over the year to March 31, mainly driven by higher prices...
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