Economic growth in China, the world’s second-largest economy, may have quickened to 7.8 percent in the fourth quarter, snapping seven straight quarters of weaker expansion, but some analysts warn that the recovery is likely to be tepid and the modest rebound could peter out in mid-2013.
“The figures that we saw for October and November were pretty strong, and the export figures for December were already quite strong too, compared with in the third quarter,” said Victoria Lai, China analyst at the Economist Intelligence Unit. “So I think that kind of underpins why we think the pickup will reach 7.8 percent in the fourth quarter.”
The gross domestic product and activity data will be released by the National Bureau of Statistics![ext]()
at 9 p.m. EST on Thursday. China’s GDP plumbed to 7.4 percent in the third quarter of 2012 – the weakest expansion since the depths of the global financial crisis in early 2009.
Read More on International Business Times![ext]()
Reported by IBTimes 1 day ago.
“The figures that we saw for October and November were pretty strong, and the export figures for December were already quite strong too, compared with in the third quarter,” said Victoria Lai, China analyst at the Economist Intelligence Unit. “So I think that kind of underpins why we think the pickup will reach 7.8 percent in the fourth quarter.”
The gross domestic product and activity data will be released by the National Bureau of Statistics
at 9 p.m. EST on Thursday. China’s GDP plumbed to 7.4 percent in the third quarter of 2012 – the weakest expansion since the depths of the global financial crisis in early 2009.Read More on International Business Times
Reported by IBTimes 1 day ago.