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CHINA PRESS: China Industrial Value Added Expected To Slow In March

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s added value of industrial enterprises increased by 5.9% year-on-year during January and February, slower than December’s 6.2%, due to factors including reduced working days and the imposition of tariffs, according to experts interviewed by Yicai. Looking ahead, Wang Qing, chief macro analyst at Orient Securities, said the growth rate of industrial added value was expected to ease to around 5.5% in March as trade tariffs and a high base level take effect. A recovery in domestic demand and the development of new productive forces can offset an expected slowdown in exports this year, Wang added.

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China’s added value of industrial enterprises increased by 5.9% year-on-year during January and February, slower than December’s 6.2%, due to factors including reduced working days and the imposition of tariffs, according to experts interviewed by Yicai. Looking ahead, Wang Qing, chief macro analyst at Orient Securities, said the growth rate of industrial added value was expected to ease to around 5.5% in March as trade tariffs and a high base level take effect. A recovery in domestic demand and the development of new productive forces can offset an expected slowdown in exports this year, Wang added.