1. LINE

      Text:AAAPrint
      Economy

      Economic indicators signal recovery of Chinese economy

      1
      2016-04-04 09:32Xinhua Editor: Feng Shuang
      A worker transfers products at a brewery in Chengdu, capital of southwest China's Sichuan Province, August 1, 2015. China's economy grew by 6.9 percent in 2015. (Xinhua file photo/Liu Kun)
      A worker transfers products at a brewery in Chengdu, capital of southwest China's Sichuan Province, August 1, 2015. China's economy grew by 6.9 percent in 2015. (Xinhua file photo/Liu Kun)

      China's economy may have just come back for a recovery, recent economic indicators signaled.

      Latest data showed that China's manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector also reversed a downward trend since December.

      Meanwhile, profits of China's major industrial firms, which saw continuous decline last year, rose 4.8 percent year on year in the first two months of 2016.

      Property investment also made notable improvement in the first two months of 2016, ending continuous deceleration of its growth over the past two years.

      Even the stock market, which dived almost 50 percent since a peak last summer, also saw moderate rebound in the past few weeks as the benchmark Shanghai index recovered the 3,000 point psychological mark.

      While most economic data, including the consumer prices index (CPI) and foreign trade, are yet to be released for March 2016, analysts are optimistic that most indexes will show upward momentum in the country's economy.

      "We expect the upcoming March economic data to show the start of a sequential rebound in real economic activity," UBS said in a research note.

      According to UBS, the country's pillar real estate industry will report improved performance in March, with property sales likely to grow 5 to 10 percent year on year, continuing from a robust start seen in the first two months.

      Inflation is also predicted to have picked up in March thanks to rising food price. UBS expected March CPI to rise 2.5 percent year on year, and raised its estimate of CPI to 1.9 percent for the whole year.

      Concerns over capital outflow are also likely to ease alongside a stronger yuan, which gained by 1.4 percent against the U.S. dollars in March.

      As the potential cyclical recovery unfolds, profits of industrial firms, especially those of companies in the upstream and midstream, will improve further, said investment bank CICC.

      China's economy expanded 6.9 percent year on year in 2015, the slowest in a quarter of a century.

      To battle economic slowdown, the Chinese government has stepped up policy support including aiming for a higher fiscal deficit ratio and pro-growth easing in the money market.

      The effect of intensified policy support has started to show, and recent credit pickup as well as concerted local government efforts to speed up property destocking is bringing indicators such as fixed asset investment back on an uptrend, UBS said.

      As economic activity stabilizes, no more benchmark interest rate cut by the country's central bank is expected this year, it said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产国拍亚洲精品mv在线观看| 国产精品色午夜免费视频| 国产精品美女久久久免费| 污视频网站免费在线观看| 色窝窝亚洲AV网在线观看| 亚洲日本va一区二区三区| 亚洲色大情网站www| 亚洲啪AV永久无码精品放毛片 | 亚洲av一本岛在线播放| 亚洲春色在线观看| 亚洲av乱码一区二区三区按摩| 在线观看亚洲视频| 日韩a级无码免费视频| 小草在线看片免费人成视久网| 精品国产sm捆绑最大网免费站| 精品国产福利尤物免费| www免费插插视频| 91麻豆国产免费观看| 亚洲中文字幕视频国产| 亚洲视频无码高清在线| 免费观看91视频| 久99精品视频在线观看婷亚洲片国产一区一级在线 | 亚洲国产人成在线观看69网站| 亚洲人成网站在线在线观看| 无码囯产精品一区二区免费 | 永久免费av无码网站韩国毛片| 国产l精品国产亚洲区在线观看| 亚洲狠狠色丁香婷婷综合| 日韩精品免费一级视频| 亚洲精品人成在线观看| 精品国产免费人成网站| 亚洲 自拍 另类小说综合图区| 特级一级毛片免费看| 天天摸天天操免费播放小视频| 亚洲国产一区在线观看| 777成影片免费观看| 亚洲自偷精品视频自拍| 日本免费一区二区在线观看| 99热亚洲色精品国产88| 国产一精品一AV一免费孕妇| 波多野结衣亚洲一级|