Daily Management Review

Reuters: China will report a steady growth in January


02/05/2018


This week, China is expected to announce a steady growth in January amid mild inflation and growth in bank lending. However, the celebration of the lunar New Year will make it difficult to determine clear trends in the second world economy for at least another month, Reuters reports.



Gene Zhang
Gene Zhang
Business surveys show a steady start of the Chinese economy in 2018, with further expansion of production and sustained growth in services. Yet, most economists still expect a gradual loss of momentum in the coming months, as borrowing costs are rising and the real estate market cools.

In the coming weeks, China will release data on currency reserves, trade, inflation and bank lending in January, but there will be no official data on industrial production, retail sales and investments in January-February; these data will appear in March to smooth seasonal fluctuations.

Hundreds of millions of Chinese people prefer to travel during the celebration of the lunar New Year, and many factories and businesses are closed for several weeks. This year, the holidays start on February 16, while last year they started on January 28.

Nevertheless, experts will analyse what data is available for information on the state of both global and domestic Chinese demand.

As expected, exports in January rose by almost 10% in annual terms, according to a survey of Reuters 55 economists. This will be a slight softening compared to December, but will still indicate a solid start to the year, which is expected to lead to an increase in trade disputes between China and the United States.

China's imports may attract more attention, after a sharp slowdown in December added fears about a possible slowdown. The growth in imports may have doubled to almost 10%, although some of the jumps may have been associated with the creation of stocks before the holiday, rather than with demand.

Last year, China's economy grew by 6.9% thanks to the construction boom and the recovery of exports, but economists expect the rate to slow to 6.5% this year, which could affect other emerging markets and commodity markets.

source: reuters.com






Science & Technology

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

Top 7 green energy innovators

Volvo’s New Car Uses Blockchain For Recycled Cobalt

False Memories Can Be Created By Fake News On Social Media, Shows A Study

DEF CON Hosts Auto-Makers And Cybersecurity Enthusiasts

WHO found no danger in microplastics in drinking water

Apple starts testing Chinese OLED screens for iPhone 12

Analysts: Google Search is losing clicks

World Politics

World & Politics

US FAA invites representatives from 50 countries to discuss 737 MAX certification

Iran Blamed By US’s Pompeo For The Drone Attacks On Saudi Oil Facility

IMF: Georgieva is the only candidate to replace Lagarde

Saudi Arabia to issue tourist visas

USA introduces sanctions against Iranian space agencies

Investments continue to flow into Cape Verde and exceed expectations of Minister of Finance Olavo Correia

USA, UK to create a working group on economics

Global Fashion Companies Support Environment Protection At G7 Summit