Chinese GDP Rose 8.9% In Q4 2011
China fourth quarter GDP rose 8.9%, vs. prior reading of 9.1% and consensus at 8.7%.
Posts Tagged ‘China GDP’
Chinese GDP Rose 9.1% In Third Quarter
China third quarter GDP rose 9.1%, vs. second quarter 2011 growth rate of 9.5%. Consensus was at 9.3%.
China Q1 GDP Growth At 9.7%
China first quarter GDP growth was reported at 9.7%, vs. fourth quarter 2011 growth rate of 9.8%. Consensus was at 9.4%.
The slowdown most notably occurred in secondary industries (mining, constructionand manufacturing) on the back of monetary tightening.
China Q4 GDP Growth At 9.8%
China third quarter GDP growth was reported at 9.8%, slightly better than third quarter growth rate of 9.6%. This time upside came from primary sector (agriculture, forestry…) and services rather than as usually from manufacturing.
In 2010 Chinese economy grew 10.3%,
Still quite high growth rates, I expect China will try to keep it’s economy growing at near 10% growth rate this year also. Biggest headwind will be inflation and with inflation connected interest rate increases. Looking at Q4 data Chinese growth looks quite resilient.
China Q3 GDP Growth At 9.6%
(For Q3 2010) China third quarter GDP growth was reported at 9.6%, slowing down from second quarter growth rate of 10.3%. Most of the slowdown can be attributed to fixed-asset investment slowdown. I have to say I expected a stronger figure given recent rise in benchmark interest rate, so I conclude that the rate increase is mainly […]
China Growth Slowing Down
China Q2 GDP growth was reported at 10.3%, slowing down from Q1 growth rate of 11.9%. The slowdown came despite exports were stronger in Q2, meaning internal demand has weakened. Chart 1. China GDP Quarterly Growth¸ Urban fixed assets investments growth rate also slowed down to 23.5%. The May reading was at 25.9%. Chart 2. Fixed Assets Investment Inflationary pressures […]
Home Sales And Government Incentives
Markets ended lower despite existing home sales data (thanks to tax credit and seasonal adjustment looking exceptionally good) which came at 5.57 million at annual rate vs. 5.35 consensus and 5.1 in August. Blomberg story: U.S. Economy: Existing Home Sales Surge on Rush for Tax Credit. Median home price fell 1.4% on monthly level despite reduced share of distressed sale of 29% versus 50% levels earlier this year. The question here is weather we will see cash-for-clunkers winding down effect here or extension of the program. My guess is extension of some kind.
China Day
hina GDP grew 8.9% in third quarter vs. 9% consensus. All risky assets headed lower on the news, U.S. dollar higher. Puzzled, makes no sense. Bloomberg explanation: China’s Economy Grows 8.9%, Fastest Pace in a Year.
The media focus is on stimulus, monetary expansion. Chinese officials have already addressed those issues, at least verbal. In my view the depressed exports; over capacity; real estate bubble; credit boom are big issues and I am little bit skeptic on can China ride out of this recession smoothly. Correction today in Asia on concern of stimulus withdrawal.