What Do Recent Data Releases Tell Us About China?

China's business cycle troughed late in the third quarter of 2012, with a steady pickup observed since then across the data flow. The improvement looks convincing if moderate. While growth likely remains below its medium-term potential rate, its pace almost certainly has accelerated from the av...

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Bibliographic Details
Published inInstitutional Investor
Main Author Hood, Michael
Format Trade Publication Article
LanguageEnglish
Published New York Euromoney Institutional Investor PLC 01.01.2013
Subjects
Business conditions
Business cycles
Consumer Price Index
Economic conditions
Economic indicators
Exports
Financial services
GDP
Gross Domestic Product
Industrial production
Inflation
International
Market strategy
Monetary policy
Trends
China
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Summary:China's business cycle troughed late in the third quarter of 2012, with a steady pickup observed since then across the data flow. The improvement looks convincing if moderate. While growth likely remains below its medium-term potential rate, its pace almost certainly has accelerated from the average 7.1 percent gain in gross domestic product (in quarter-on-quarter, annualized terms) posted in the first three quarters of last year. Still, considerable uncertainty surrounds China's prospects for 2013, which is no surprise considering that the country is experiencing transitions both short term (politically) and longer term (with trend growth likely slowing gradually), against a backdrop of continuing sluggishness globally.
ISSN:0020-3580