China's economic growth is on track for a modest rebound as the impact of policy-easing measures adopted this year have started to kick in, Morgan Stanley predicted. In a China Economics report published by the bank, it said, "We expect GDP growth to reach 8.2 percent year-on-year in 2013 and 8.0 percent in 2014." The bank based its forecast on the expectation that domestic demand will recover gradually as the new government eases the policy stance modestly to accommodate urbanization initiatives in 2013. Morgan Stanley expect policymakers to loosen policies from the current level in the near term, in addition to launching long-term structural reforms to deepen urbanization. It said the early signs of a potential growth recovery and the relative tightness in the labor market is likely to keep Chinese policymakers away from introducing drastic policy stimulus. "As a result, we are not expecting any silver bullet in policy easing in the near future, despite the conclusion of the 18th Communist Party Congress last week," the report said. In a latest sign of recovery, the HSBC Flash China Manufacturing Purchasing Managers' Index (PMI), a measure of factory activities, bounced back to expansion territory for the first time in 13 months to stand at 50.4 in November.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor