Monday, September 19, 2016

Stabilising Growth But With Challenges Ahead

Economic Research
     19 September 2016

Economic Outlook

China’s economic conditions will stabilise in the near term amid government’s series of support. Speed-up of approvals for infrastructure projects and growing state-driven investment contributed the most for the economic stabilisation in Aug 2016. However, we still believe the risk for China’s economic growth is on the downside, given 1) short-term pains from deepening supply-side reform, 2) sluggish recovery in private sectors, 3) more tightening measures in property market, and 4) mounting external uncertainties. As such, we believe China’s economy is likely to stabilise at 6.5-6.6% YoY in 2H16, but will further edge down to 6.4% YoY in 2017.

Economist:  Zhang Fan| +8621 6288 9611 ext 105

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