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China Q1 Growth May Exceed 10%: Journal

MNI (Sydney)

The Chinese economy may grow more than 10% in Q1 before slowing to 9%, 6% and 5.5% in the following quarters, the China Securities Journal reported citing Liu Qiao, the dean of the Guanghua School of Management at Peking University. Consumption could rebound to 10% this year should the epidemic come under control, the newspaper said citing Wang Yiming, a former deputy director of the Development Research Center of the State Council. Real estate investment may shrink under credit constraints, infrastructure investment may be limited to 5% growth by local government debts and a lack of profitable projects, although manufacturing investment could register 8%, Liu said.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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