Big data from China is coming, latest economic outlook from China is crucial, "Pessimism over China's short-term outlook is overdone and a growth pick-up in the second half is already in the pipeline," ratings agency Fitch said in a report Friday. Gross domestic product is important economic data that reflects more about the recent economic conditions of China
"But expectations for the economy's growth potential in the medium term are shifting lower as the scale of the restructuring challenge becomes clearer."
Meanwhile, ANZ Banking Group forecasts China's gross domestic product (GDP) growth will slump to an annual 6.4 percent in the third quarter, before rebounding to 6.8 percent in the October to December period -- but still below the government's full-year goal of around 7.0 percent. Still positive mindset to China economic outlook growth
"Further aggressive monetary easing and proactive fiscal policy, along with financial liberalisation, are needed to maintain GDP growth" at the official target, it said in a research report. China yuan liberalisation is coming
As we knew it before that China last month reduced interest rates and cut the amount of money banks must hold in reserve to try to bolster its economy and end the country's worst stock market rout in almost two decades.
The senior economic analyst from Japanese bank Nomura is forecasting "weak" trade data for August with exports falling 7.0 percent year-on-year and imports dropping 10 percent. Still gloomy condition, and then Consumer price inflation could tick up to 1.8 percent for the month on higher pork prices, though the threat of deflation remains, it said.
On contrary, But many analysts expect China to avert a hard landing, even though economic growth will definitely slow this year. Hard landing economic can damage currencies in emerging markets
"China's economy has certainly been weak this year and still faces further downward pressures, but we think fears of an economic hard landing due to stock market gyrations are exaggerated," UBS economists Donna Kwok and Wang Tao said in a research report.
"While it is difficult to confirm whether GDP growth was really close to 7 percent as reported, it has certainly not grounded to a halt. Neither is it in the process of falling apart as widely proclaimed by some China bears."
"But expectations for the economy's growth potential in the medium term are shifting lower as the scale of the restructuring challenge becomes clearer."
Meanwhile, ANZ Banking Group forecasts China's gross domestic product (GDP) growth will slump to an annual 6.4 percent in the third quarter, before rebounding to 6.8 percent in the October to December period -- but still below the government's full-year goal of around 7.0 percent. Still positive mindset to China economic outlook growth
"Further aggressive monetary easing and proactive fiscal policy, along with financial liberalisation, are needed to maintain GDP growth" at the official target, it said in a research report. China yuan liberalisation is coming
As we knew it before that China last month reduced interest rates and cut the amount of money banks must hold in reserve to try to bolster its economy and end the country's worst stock market rout in almost two decades.
The senior economic analyst from Japanese bank Nomura is forecasting "weak" trade data for August with exports falling 7.0 percent year-on-year and imports dropping 10 percent. Still gloomy condition, and then Consumer price inflation could tick up to 1.8 percent for the month on higher pork prices, though the threat of deflation remains, it said.
On contrary, But many analysts expect China to avert a hard landing, even though economic growth will definitely slow this year. Hard landing economic can damage currencies in emerging markets
"China's economy has certainly been weak this year and still faces further downward pressures, but we think fears of an economic hard landing due to stock market gyrations are exaggerated," UBS economists Donna Kwok and Wang Tao said in a research report.
"While it is difficult to confirm whether GDP growth was really close to 7 percent as reported, it has certainly not grounded to a halt. Neither is it in the process of falling apart as widely proclaimed by some China bears."
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