But we expect further growth moderation before a slight rebound at the end of the year.Latest data releases from China broadly point to stabilisation in activity in August after a notable deceleration in the previous months. Industrial production, retail sales and fixed-asset investment all rebounded slightly last month. While the data releases seem to show some signs of stabilisation, we think growth momentum could remain soft in the near term given a continued decline fixed-asset...
Read More »Improved Chinese data may be foretaste of GDP surprise
Growth momentum regained traction in August after a poor July. Although GDP figures for the third quarter may surprise on the upside, the longer-term trend still shows Chinese growth slowing. Major economic indicators for August point to broad-based stabilisation of China's growth momentum after a weak start to the second half. The more upbeat macro picture is supported by improvements in the PMI reading and import data, and leads us to believe the likelihood of an upside surprise for...
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