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Economic
Research
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14 March 2017
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China
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Economic
Update
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China’s
economic growth remained stable in 1Q17, amid recovery in industrial sectors
and continued infrastructure spending over the past few months. Although
economic conditions may remain relatively strong in 1H17, we expect some
downside pressure from 2H17:
1.
More property tightening measures in tier-2/3 cities;
2.
High base effect for automobile sales;
3.
Ending of restocking cycle;
4.
Accelerating supply-side reforms;
5.
Mounting external uncertainties, given tough stance from the US.
As
growth is no longer a major overhang, we believe the Government may put more
effort towards reigning in financial risks given concerns over growing asset
bubble in 2017.
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Tuesday, March 14, 2017
Sustained Growth But May Slow Down From 2H17
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