China is expected to report on Wednesday that economic growth slowed to its weak...
BEIJING - China is expected to report on Wednesday that economic growth slowed to its weakest pace in at least 27 years in the first quarter, as policymakers seek to head off a sharper slowdown that could stoke job losses.
“The data is likely to show the clearest evidence yet of economic recovery,” though questions remain over the strength of any rebound and how long it will last, analysts at Nomura said in a research note on Tuesday, reflecting high expectations in the market. That would mark a further loss of momentum from the previous quarter’s 6.4 percent, which was the weakest since the global financial crisis.
Prices for steel reinforcing bars used in construction shot to 7-1/2 year highs this week, while steel mills have ramped up output to nine-month highs as winter pollution restrictions are eased. But analysts do not expect a sharp rebound in China like recoveries in the past, which created a strong reflationary pulse worldwide, noting its latest stimulus measures have so far been relatively more restrained.Some China watchers have dialed back their expectations of further policy easing in light of better-than-expected March credit and export data, and improvements in factory surveys.
But the People’s Bank of China has so far refrained from cutting benchmark lending rates as it did in past downturns, suggesting policymakers are treading more carefully in pump-priming an economy that is laden with debt from past credit sprees.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Pacific stocks poised for mixed open ahead of China GDP releaseChina is set to report its GDP figures for its first quarter later at 10:00 a.m. HK/SIN today.
Read more »
U.S., China agree to establish trade deal enforcement offices: MnuchinU.S. Treasury Secretary Steven Mnuchin said on Wednesday that U.S.-China trade t...
Read more »
Alibaba's South China Morning Post readies its US push as it hunts for 'China-curious' readersThe Hong Kong-based publication believes that the time is right for its US expansion, with China-US trade talks and interest in them heating up.
Read more »
China first quarter GDP growth seen cooling to 6.3 percent, but March may suggest rebound: Reuters pollChina's first-quarter economy growth likely cooled to the weakest pace in a...
Read more »
Nissan brand Infiniti aims to launch first electric car in three years, made in ChinaThe first electric car for Nissan Motor Co's premium brand Infiniti will be...
Read more »
China producer inflation picks up for first time in 9 months, eases deflation worriesChina's factory-gate inflation picked up for the first time in nine months ...
Read more »
China producer inflation picks up for first time in 9 months, eases deflation worriesChina's factory-gate inflation picked up for the first time in nine months ...
Read more »
China producer inflation picks up for first time in nine months, eases deflation worriesChina's factory-gate inflation picked up for the first time in nine months ...
Read more »
China central bank calls for more policy coordination to support growthChina central bank says economy showed positive changes in first quarter; reaffirms prudent policy
Read more »
Daimler: Mercedes sells more than 600 Maybach models a month in ChinaDaimler's China chief said sales rose 3 percent in the first quarter, defyi...
Read more »