Fitch warns of downside risks
Print Edition
CHINA’S slower economic growth in the first quarter was expected but Fitch predicted that downside risks due to a real estate correction and weaker corporate hiring intentions may lead to more policy easing this year.
The slowdown in China’s economic growth to 7 percent year on year in the first three months, the lowest in six years, was due to credit controlling measures the People’s Bank of China implemented last June, the rating agency said in a report.
Fitch expects the PBOC’s two cuts in the bank reserve requirement and two reductions in interest rates since last November to lift the economy in the second half of this year as growth normally tends to respond to changes in credit flow with a lag of about two quarters, but a cooling real estate and employment market poses threats.
- 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.
