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Tuesday, April 18, 2017
First quarter data shows Chinese economy stabilization
ANBOUND

On April 17, National Bureau of Statistics of China has released economic data of China's first quarter. The economic growth in the first quarter is 0.2% faster than the overall annual growth rate in 2017. Under China's economic adjustment, investment, foreign trade, consumption and industrial growth have exceeded the expectation, showing that China's economy which is in the process of restructuring has been substantially stabilized, and shows signs of recovery. If there is no unexpected incident, China's economic growth this year will reach Anbound's optimistic 6.8% expectation. The stabilization of China's economy will further strengthen the confidence of China's decision-makers to promote the transformation, but also provide greater policy space for the structural reform of the supply side, and provide a solid foundation for renminbi to maintain exchange rate stability.

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