China: GDP now seen expanding 4.1% in 2022 – UOB
22.06.2022, 10:48

China: GDP now seen expanding 4.1% in 2022 – UOB

Economist at UOB Group Ho Woei Chen, CFA, re-assesses the performance of the Chinese economy this year.

Key Takeaways

“China’s economic data were better than expected in May. Industrial production has shown greater resilience as it returned to expansion but retail sales contracted for the third straight month. Fixed asset investment slowed but is expected to benefit from accelerated infrastructure investment rollout in the later part of the year.”

“The labour market remains of concern as the urban surveyed jobless rate has stayed above the official target of 5.5%, at 5.9% in May. Meanwhile, the 31 major cities jobless rate climbed further to a fresh record high of 6.9% in May from 6.7% in Apr.”

“Taking into consideration of the data released, we think China’s economy will avoid a contraction in 2Q22 which we are now expecting growth of around 1.0% y/y (1Q22: 4.8%). Thereafter, a lower comparison base and government’s stimulus will boost GDP growth to slightly above 5% y/y in 2H22.”

“While the data in May were better than expected and we expect activities in China to pick up further, China’s zero-COVID policy will continue to pose downside risks to its economic recovery in 2H22. Furthermore, there is now increasing headwinds to global growth as higher inflation is prompting central banks to step up their monetary policy tightening which will inevitably slow the economies. Our revised forecast for China’s GDP growth is now at 4.1% for 2022, down from previous projection of 4.9%.”

 

 

© 2000-2026. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
E-mail
Povratak na vrh
Izaberi lokaciju / jezik