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15 Apr 2015
China GDP growth to come slightly below 7.0% - Capital Economics
FXStreet (Bali) - Chang Liu, Economist at Capital Economics, expects China GDP growth to come slightly below 7.0% y/y for Q4 2014.
Key Quotes
"The PMI readings for March, although mixed, suggest that momentum in industry remains weak."
"This, along with a stronger base for comparison, should have kept industrial output growth on a downward trajectory last month."
"In contrast, we expect investment growth to have been broadly flat. Low oil prices should have continued to support household consumption last month, boosting retail sales growth slightly. "
"Finally, we expect GDP growth to have slipped slightly below 7.0% y/y last quarter. (All data due at 03.00 BST.) "
Key Quotes
"The PMI readings for March, although mixed, suggest that momentum in industry remains weak."
"This, along with a stronger base for comparison, should have kept industrial output growth on a downward trajectory last month."
"In contrast, we expect investment growth to have been broadly flat. Low oil prices should have continued to support household consumption last month, boosting retail sales growth slightly. "
"Finally, we expect GDP growth to have slipped slightly below 7.0% y/y last quarter. (All data due at 03.00 BST.) "