Tag Archives: consumption

PMI growth slows; signs promising

China’s manufacturing growth slowed in April as the government tightened supervision of financial risks, but still maintains momentum, according to analysts.

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‘Resilient’ growth tops Q1 forecasts

China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.

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Overcapacity cuts called crucial job

China will further reduce excessive steel and coal production capacity and extend capacity cutting efforts to energy sectors this year, a senior official with the nation’s top economic planning body said on Monday.

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Inflation up, but not a worry

China’s consumer prices beat market expectations in January to hit a three-year high thanks to pickup in consumption and travel activities during the Spring Festival season, but analysts said inflation may ease in February and not become a major concern this year.

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Consumer spending will reach $6.4 trillion by 2025

Despite a slowing economy, consumer spending in China will hit $6.4 trillion by 2025, up from $3.7 trillion in 2014, and total consumer spending in the decade between 2015 and 2025 will be $56 trillion, according to a report.

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Balanced view of China’s rise urged

China has been achieving good results from its recent financial reforms while becoming the world’s second-largest economy, and the world should have a balanced attitude toward China’s growth, experts said.

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