免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China industry on more solid ground: surveys

(Agencies)
Updated: 2009-07-01 20:10

Economists at J.P Morgan last Friday raised their projection for second-quarter gross domestic product growth in emerging Asia, forecasting quarter-on-quarter growth of more than 10 percent at an annualised rate.

That reflects assumptions that quarter-on-quarter growth in industrial output will surge at a 35 percent annualised pace -- and nearly 40 percent in China's case.

Related readings:  VP urges industry to 'put quality first' to support economy  Discrepancy in May economic data reflects industry restructuring  China's steel industry may be in red this year  China's auto industry races toward spring  HK, Shenzhen promote financial industry in NY

The World Bank, the Organisation for Economic Cooperation and Development and a clutch of banks have all upgraded their growth forecasts for China in the past two weeks.

The government's goal of 8 percent GDP growth for all of 2009, once dismissed as fanciful, now looks attainable.

Andy Rothman, CLSA's China macro strategist, reaffirmed his target of 8 percent but said the risks were now clearly on the upside. "It is now safe to say that a sustainable recovery is well under way in China," he said in a note to clients.

Likewise, Mingchun Sun with Nomura in Hong Kong said the buyers' surveys suggested that the revival in manufacturing was gaining a stronger foothold and reaffirmed his forecast of 8 percent GDP growth this year and 10 percent in 2010.

Not everyone is getting carried away.

Li Hongrong, an economist with Ping An Securities in Shenzhen, cautioned that momentum in investment and industrial output could fizzle out.

"It is hard to say whether economic growth will trace a V or a W shape, but we believe a slowdown will take place next year when the effects of the government's push run out," Li said.

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page