It should be noted that economic data from China in the first two months of a year are considered to be distorted, caused by a week-long holiday for Lunar New Year celebrations that fell in mid-February this year (read: What Lies Ahead for China ETFs?).Ĭonsumer prices increased 2.1% in March compared with 2.9% in February. Rising borrowing costs have weighed on the emerging market nation, as producer prices slowed for the fifth month in a row.Īlthough the Chinese economy has exhibited strong positive trends in the first two months of the year, recent data shows a build-up of increased worries with muted demand weighing on GDP growth. Adding to the woes, recent data on Consumer and Producer price inflation shows signs of a further slowdown in economic growth.Ĭhina’s producer prices slowed to a 17-month low of 3.1% in March compared with 3.7% in the previous month, on a year-over-year basis. However, the emerging market nation saw a glum first quarter of 2018, as it faces risks like a crackdown on pollution, increasing financial threats and possibilities of a trade war with Trump-led United States. China’s economy grew 6.9% in 2017 compared with 6.7% in the previous year, marking the first annual acceleration since 2010. The world’s second-largest economy exhibited strong performance last year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |