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Economic Research
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03
April 2017
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China
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Economic Update
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China’s
manufacturing PMI continue to improve in Mar 2017, indicating that the
industrial sector may expand further in the near term. Looking ahead,
industrial growth numbers should remain stable in 1H17 – but from 2H17
onwards, we expect to see more headwinds from the cooling property market,
ending of restocking process and rising funding cost for enterprises. As
such, China’s economic growth would likely moderate again in 2H17. Monetary
policy stance would likely stay on a tightening bias in order to lower
leverage among financial institutions and to control risks. That means market
rates could be raised further.
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Monday, April 3, 2017
Stable Industrial Growth
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