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Stronger Q1 Growth Means Less Stimulus Likely - Wang Tao

CHINA PRESS
MNI (BEIJING)
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China’s stronger-than-expected Q1 growth will make the government less likely to increase stimulus policies in the short term, according to Wang Tao, chief China economist at UBS. Wang said Q1 performance was driven mainly by exports, growth in added value for the services industry, and steady results in industrial production and investment. Xiong Yi, chief economist at Deutsche Bank China said the economy may grow slightly above 1% for the next few quarters considering weakening base effects and downward pressure on prices and demand. (Source: Securities Daily)

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China’s stronger-than-expected Q1 growth will make the government less likely to increase stimulus policies in the short term, according to Wang Tao, chief China economist at UBS. Wang said Q1 performance was driven mainly by exports, growth in added value for the services industry, and steady results in industrial production and investment. Xiong Yi, chief economist at Deutsche Bank China said the economy may grow slightly above 1% for the next few quarters considering weakening base effects and downward pressure on prices and demand. (Source: Securities Daily)