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China Q1 GDP May Surge to 19.4%: Daily

CHINA PRESS
MNI (Sydney)

China's Q1 growth may jump by 19.4% y/y, supported by active production, strong exports, a surge in housing-related purchases and a rebound in real estate investment, the Economic Information Daily reported citing economist Li Chao of Zheshang Securities. Li's double-digit growth predictions are shared by other economists, the Daily said. Macro policies are likely to be maintained as the recovery is fragile, with government providing strong fiscal support, abundant liquidity and continued support to SMEs, the newspaper said citing Wang Yiming, a member of the PBOC monetary policy committee.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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