鈥楤umpy start鈥 for China鈥檚 economy
Print Edition
CHINA’S economy may have a “bumpy start this year” as data for January are likely to be weak due to the holiday effect and the extremely cold weather, analysts said ahead of the release of the data set in the middle of this month.
They expect a slightly higher inflation, continued but narrower drop in prices in factories, weak exports, less contraction of imports, strong credit growth and a further drop in foreign exchange reserves.
“China’s economy is likely to have a bumpy start this year due to seasonal factors as well as the continued weak demand in both home and abroad,” said Liu Xuezhi, an economist at the Bank of Communications.
China’s gross domestic product grew 6.8 percent in the fourth quarter of last year, and ended 2015 with a rate of 6.9 percent, the slowest annual expansion in a quarter of a century.
Liu said that the rise in inflation “may accelerate after the bad weather disrupted supply, together with its regular increases ahead of the Spring Festival.”
The Consumer Price Index, the main gauge of inflation, is set to rise 2 percent from a year earlier in January, up from 1.6 percent in December, according to Liu’s estimates.
Over the past two months snow and storm have battered many parts of the country that led to higher prices for fresh vegetables, meat and fruits. The Spring Festival holiday, which starts on Sunday, is also expected to weigh on prices of various products and services.
Liu said the Producer Price Index, the factory-gate measurement of inflation, may drop 5.2 percent in January, narrowing from December’s slump of 5.9 percent.
Because of the weak demand in the US and Europe, Wang said exports were expected to be sluggish while imports may improve from a low comparative base.
Credit may grow strongly in January as the government continued to ease monetary policies, economists said. They added that foreign exchange reserves likely have dropped further in January.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
