Analyst views on China GDP: Nomura: Given.....>

CHINA: Analyst views on China GDP:

Nomura: Given continued financial deleveraging and the cooling property market,

we continue to expect real GDP growth to slow to 6.7% y-o- y in Q1 2018 from

6.8% in Q4 2017. However, we view risks as tilted to the upside due to the

strong January-February activity data and People's Bank of China Governor Yi's

comments that Q1 growth will likely be slightly better than expected. We believe

industrial production and fixed asset investment growth likely moderated

slightly in March after an unexpected rebound in January-February combined, and

we expect retail sales growth to remain stable.

TD: Higher frequency Chinese growth indicators have remained surprisingly

robust, supported by global economic conditions, lower domestic market rates,

and relatively strong domestic credit growth. As such we see Q1 GDP growth

holding at 6.8% Y/Y, with some upside risk to the number.