China Economy Forum

[ChineseTiger1986]

We don't give a fxxxck.

 

[Sourya Kharb]

It's not bad at all I mean look at India GDP because of Fcuking Congress it is at 4.7 % only
I hope when Modi will come it will increase to 8%

 

[seven7seven]

If people don't get it by now, China has the strongest economy because it is a real economy, unlike many other so called developed economies that are leveraged on huge debts. Yes, China has debt too but most of it is internal and owed to internal institutions. There's nothing complicated about real economics. When you make many real goods and sell them, that generates real wealth.

 

[Beast]

Hari prasad will be jealous of this news.

 

[cirr]

This is great considering that we are in the midst of a major restructuring and rebalancing drive that will set the course for sustainable growth in years to come。

And with the stimulus package now being put in place，the economy will grow 7.5% or thereabout in 2014 as planned。

 

[he-man]

Hari prasad will be jealous of this news.

He must be banging his head right now

We gotta get our act together too,fcking congress has ruined everything

 

[Echo_419]

He must be banging his head right now

We gotta get our act together too,fcking congress has ruined everything

Koi baat nahi we still have a lot of potential
Aur acche din toh anne hi wale hai

Let's hear it, false data, propaganda, it's a bubble, shadow banking, Chinese suck, you suck, you will crash, CCP is done, what else am I missing here? Got to be something.

As it turns out, we don't care what you think, we will continue to advance, and you can continue to say what you will.



China's economy expanded by 7.4% in the first quarter of the year, better than what many were expecting.

But it is a slowdown from 7.7% growth in the final quarter of last year.

Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago.

Retail sales for the month of March spiked by 12.2%, underscoring China's efforts to boost economic growth via domestic consumption.

Last year China set its growth target for 2014 at 7.5%, part of efforts to stabilise the economy after years of fast-paced expansion.

China's growth data is closely watched around the region. A slowdown could hurt Asian economies especially those which export commodities and industrial components to the world's second largest economy.

A sluggish start for the year is not uncommon, due to the Lunar New Year holiday when many businesses and factories shut down operations for about two weeks.

But recent data from the manufacturing as well as industrial sectors have been weak, raising fears of a prolonged slowdown.

Economic boosters
Amid these concerns, China has recently taken more steps to give a jolt to its economy.

A mini-stimulus measure announced earlier this month will see Beijing extending a tax break for small and medium-sized companies, and ramping up spending on China's railway infrastructure.

In addition, the mainland also took steps to open up its capital markets by announcing a tie-up with Hong Kong, allowing for cross-border stock investment. The pilot scheme is scheduled to take off in about six months.

And in January, China launched a free-trade zone in Shanghai, seen as a test bed for reforms in key areas of the economy, such as the financial and telecom sectors which previously were tightly controlled by the government.

China also said it will allow foreign firms to make gaming consoles within the free-trade zone and sell them across China - lifting a ban on gaming consoles which had been in place since 2000.

China doubled the daily trading band for its currency this year to 2%
Bottoming out?
Analysts are hopeful that the Chinese economy has bottomed out, and will perform better later in the year.

Julian Evans-Pritchard from Capital Economics said: ``Chinese growth held up better than expected last quarter and there are signs that downwards pressure on growth has eased somewhat.''

"While Q1 GDP growth slowed, we believe that the growth momentum has stabilised in March. Port throughput data and our field study also suggest that China's trade may have bottomed out, and will become more resilient than what the current headline numbers suggest," said Zhou Hao who covers the Chinese economy for ANZ in Shanghai.

China's trade figures for March had shown a sharp drop in both imports and exports.

Earlier this month the World Bank lowered its growth forecast for the Chinese economy this year to 7.6% for this year from a previous prediction of 7.7%.

You forgot fake stats
Kidding dude
There are good non hating Indians to who want excellent ties with china
Hope to see china become a first world country soon

 

[Srinivas]

It is the momentum of the earlier quarters that has made this stat possible .... the effect of present happening in China will be seen in the next quarters.

Chinese economy is slowing down and it will continue this trend in the coming years for sure.

 

[Fahad Khan 2]

Now Indians blaming congress who started this economic revaluation of there.....

India *** on fire who said that china is dying...

 

[BoQ77]

If people don't get it by now, China has the strongest economy because it is a real economy, unlike many other so called developed economies that are leveraged on huge debts. Yes, China has debt too but most of it is internal and owed to internal institutions. There's nothing complicated about real economics. When you make many real goods and sell them, that generates real wealth.

Chinese companies and people absorb huge debts too, pal !!!
The situation is really bad, indeed ...

Almost related to ineffective investment into real estates, public investment, state-budget. corruption, offshore accounts

 

[he-man]

Now Indians blaming congress who started this economic revaluation of there.....

India *** on fire who said that china is dying...

Go and try to produce steel before trying to compete with india

 

[shuttler]

4/16/2014
China's Economic Growth Rate Slows But Is Still Among The World's Best

If like me you’re a follower of Gordon Chang’s columns about China at Forbes.com (for instance last month’s “China’s Currency Plunges, Signaling Tumbling Economy”), you might have expected today’s new GDP report to show a big decline in growth. Gordon, of course, is the author of the book “The Coming Collapse of China” and a long-time China skeptic who rarely if ever fails to provoke.

Yet China isn’t tumbling or collapsing. GDP growth in the first quarter expanded 7.4% from a year earlier, the government reported today. True, that was the lowest in 18 months, and a decline from 7.7% in the first quarter of 2013. Most countries in the world, however, would be perfectly happy to have what passes for slowing GDP growth in China. The increase was helped by gains in industrial production, investment and retail spending.

To be sure, China faces a long and well-reported list of economic, social and political problems commensurate with its standing as the world’s most populous country and a nation that has notched up the world’s best growth record in the past 30 years. Not the least of its problems is an overbuilt property market and debt connected to it.

But the job creation that underpins the stability of the government requires growth. Whether its fiscal policy, monetary policy or other means, authorities have plenty of tools at their disposal to address their much-discussed problems and at the same time work to keep growth on a reasonably stable track. So while an easing of growth appears likely in the near term, economic collapse or anything like it probably isn’t.

LINK

 

[rott]

China's economy outpaced market estimates in the first quarter of 2014, but economists cautioned that downward pressure remains, and targeted measures are needed to ensure growth falls within a proper range.

The nation's gross domestic product (GDP) rose 7.4 percent year on year to 12.82 trillion yuan (2.08 trillion US dollars) in the first quarter, the National Bureau of Statistics (NBS) revealed on Wednesday.

Market estimates had put first-quarter growth at 7.3 percent.

The figures suggest growth in the world's second-largest economy in early 2014 was stable and that the economy was generally in good health, as Chinese authorities promoted reforms, innovation, restructuring and improvement of people's well-being, according to the NBS.

However, the 7.4-percent growth was slow compared to the 7.7-percent growth in the fourth quarter of 2013 and marked the lowest quarterly growth level since the third quarter of 2012. The figure still outperformed the 6.6-percent growth in the first quarter of 2009, when the global financial crisis wreaked havoc.

Economists said the weaker growth suggested heavier downward pressure on the economy, but that the growth rate was still within a reasonable range.

"I predicted the first-quarter GDP growth to be between 7.2 and 7.3 percent. Though slower, I don't think this level of growth is unbearable," said Wang Jun, a senior researcher at the China Center for International Economic Exchanges.

The economic slowdown came with slower investment and industrial output. Other data jointly released with the GDP figures on Wednesday showed industrial output growth slowed to 8.7 percent in the first quarter.

During the same period, fixed asset investment growth gained 17.6 percent and retail sales expanded 12 percent, while the average per capita disposable income of both urban and rural residents grew 8.6 percent year on year.

These figures, alongside a one-percent drop in the nation's exports and imports in the first quarter and slower power consumption growth, made some economists concerned that a slowdown may extend to next quarter. They wondered how the government would respond to secure stable growth that ensures employment.

Rather than a heavy short-term dose of stimulus, the government prefers "mini stimulus" programs with an eye toward medium and long-term development, some of which have already been announced by the Chinese government since March. These include a new urbanization plan and investment projects in public service sectors.

Wang pointed to measures taken by authorities targeting tax reductions and simplification of administrative procedures, as well as their plans to step up railway investment and renovation of shanty towns.

"These measures aim to stabilize growth. I think the economic momentum will increase from the second quarter and there's no need to worry the economy will slide out of control," he said.

Niu Li, an economist at the State Information Center, said that the government is poised to take fine-tuning measures and deepen reforms that are conducive to growth and market confidence, such as reducing taxes and financing costs of companies.

Chinese Premier Li Keqiang said earlier this month that China has the capabilities and confidence to keep its economy functioning within the proper range.

China has set this year's economic growth target at about 7.5 percent, but the government is giving the target less emphasis. Premier Li said that as long as employment is sufficient and there are no major fluctuations, actual GDP growth will be considered to be within the proper range, even if slightly higher or lower than the target.

Statistics showed that urban employment continued to increase, individual income, corporate profits and fiscal revenue registered steady growth, and consumer prices remained stable.

NBS data also showed a total of 2.88 million new jobs were filled by migrant workers in the first quarter, up 1.7 percent year on year.

Chang Jian, chief economist at Barclays, predicted a recovery of the Chinese economy in the second quarter.

"March's new loans and total financing support the view that financing channels remain open to stabilize growth as demand recovers," Chang said.

Data showed China's new yuan-denominated lending came in better than expected, totaling 1.05 trillion yuan in March, up from 644.5 billion yuan in February. First-quarter new yuan loans totaled 3.01 trillion yuan, up 259.2 billion yuan year on year.

The economic slowdown also came amid mild inflation in the first quarter, with the consumer price index, the main gauge of inflation, rising 2.3 percent.

Chang forecast benign inflation to continue in the coming months, which leaves room for the central bank in tooling reserve requirement ratio cuts and even interest rate cuts if growth is disappointing in the second quarter.


China's first quarter GDP grows 7.4 pct - BUSINESS - Latest News - Globaltimes.cn

 

[Chinese-Dragon]

Not bad.

We need to keep our GDP growth above 7% for the next decade at least.

 

[Skull and Bones]

Congratulations.