The story appears on

Page A11

January 4, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

UBS sees steady economic activity

SWISS global financial services company UBS expects China’s December data will show steady economic activity, while GDP growth in the fourth quarter will slow slightly.

The Swiss company predicted stable industrial production and property activity, firm fixed-asset investment, and faster export growth in a research note yesterday. The indicators are scheduled to be released in mid-January.

“We expect December’s industrial production growth to have stabilized at 6.1 percent year on year,” UBS said.

China’s value-added industrial output, which measures factory activity, rose 6.1 percent in November, largely stable compared with earlier this year, as high-tech and equipment manufacturing sectors posted strong gains.

UBS believes stronger external demand and a rebound in power generation will help sustain industrial expansion, while noting the air quality campaign is likely to restrict northern China’s upstream sectors.

Overall FAI growth is set to rise to 6-7 percent for December, leaving the year-to-date rate at 7.2 percent, said UBS, adding that infrastructure investment is likely to hold up and manufacturing investment will be slower.

It also predicted robust export growth partly due to a low base, higher consumer prices, falling factory-gate inflation, and a stable credit increase. Foreign exchange reserves will likely rise thanks to eased capital flight pressures.

UBS projected economic growth will ease to 6.7 percent annually in the fourth quarter, and dip to 6.4 percent in 2018.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend