New Market Study Published: China Business Forecast Report Q4 2012
Core Views China's real GDP came in at 8.1% year-on-year (y-o-y) and 7.2% quarter-on-quarter (q-o-q) on a seasonally adjusted basis in Q112, much weaker than consensus expectations. Unlike the situation facing the economy in Q109, when a recovery in exports combined with a fiscal stimulus programme resulted in a V-shaped recovery, this time we expect continued lacklustre growth even as the central banks is likely to loosen monetary policy. As such, we are sticking with our 2012 growth forecast of...
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