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China Economic Outlook(November 15, 2016)
by 趙永祥 2016-12-08 20:37:11, 回應(0), 人氣(898)
China Economic Outlook(November 15, 2016)
November 15, 2016
Q3’s healthy growth momentum has carried into the final quarter of the year as private consumption remains strong and investment appears to be recovering somewhat. Robust dynamics in the real estate market, which shored up economic activity in Q3, are expected to slow in Q4 as a result of the recent measures adopted by some local governments to cool their soaring property markets. Still, the economy is comfortably on track to achieve the government’s annual growth target of between 6.5% and 7.0%. In its Q3 monetary policy report, the People’s Bank of China highlighted that striking a balance between cutting asset bubbles and stabilizing growth will be the key challenge in the near future.