Economy / China
Macroeconomic Forecast China
August 2007 | Macroeconomic ForecastsBMI View: The Chinese economy continues to steam ahead, despite ongoing efforts by the authorities to cool its rapid growth. The National Bureau of Statistics announced in July that real GDP growth soared to a 12-year high of 11.9% y-o-y in Q207, accelerating from 11.1% in Q1, on the back of surging exports, robust investment growth and a pick up in private consumption. The continuation of rapid growth in China is undermining the authorities' capability of controlling the domestic economy. Indeed, we believe that the only way they could induce any meaningful slowdown would be through the implementation of more
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to China & North Asia Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to China & North Asia Monitor please click on the trial link below.
