Fitch keeps 8% growth outlook for China
By Lilith Hu |
May 15, 2012, Tuesday
|
Print Edition
Print Edition
FITCH Ratings has retained its previous projection of an 8 percent economic growth for China this year, and said the nation's economic slowdown has not severely impacted the labor market so far.
"The official data on job vacancies indicated the labor market is not severely impacted by the economic slowdown," Andrew Colquhoun, senior director for Fitch Ratings in Asia, said during a telephone conference yesterday.
But he warned that a "slowing residential property construction will drag down China's growth. We expect a moderate easing of credit in the future."
But he is confident that China will not see a hard landing in its economy as the slowdown is a deliberate policy.
In March, Premier Wen Jiabao cut China's growth target this year to 7.5 percent from 8 percent.
"The official data on job vacancies indicated the labor market is not severely impacted by the economic slowdown," Andrew Colquhoun, senior director for Fitch Ratings in Asia, said during a telephone conference yesterday.
But he warned that a "slowing residential property construction will drag down China's growth. We expect a moderate easing of credit in the future."
But he is confident that China will not see a hard landing in its economy as the slowdown is a deliberate policy.
In March, Premier Wen Jiabao cut China's growth target this year to 7.5 percent from 8 percent.
- 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.
