Arab Today, arab today china posts slowest quarterly growth on record
Last Updated : GMT 21:09:40
Arab Today, arab today
Arab Today, arab today

China posts slowest quarterly growth on record

Arab Today, arab today

Arab Today, arab today China posts slowest quarterly growth on record

China's economy expanded 1.1% in January-March over the last quarter of 2015
Beijing - AFP

China's economy grew in the first three months of 2016 at its slowest quarter-on-quarter rate since it began releasing the data, the government said, while the real-estate sector rebounded thanks to aggressive stimulus.

The world's second-largest economy expanded 1.1 percent in January-March over the last quarter of 2015, the slowest pace since it started publishing such statistics in early 2011. The result follows 1.5 percent growth in the previous three months and 1.8 percent in July-September.

The figures came after the National Bureau of Statistics published its on-year figures Friday, which matched expectations, while foreacst-beating March data offered signs of recovery in the Asian economic giant.

The recovery of the property sector -- long a pillar of China's economy -- helped to fuel growth, analysts said, as real-estate services grew 9.1 percent year-over-year, accounting for 6.8 percent of GDP.

The data show that China has returned to "property-led growth" and suggest "recent growth momentum has been underpinned by the resurgence of (the) 'old economy'" ANZ analysts said in a note Monday.
China's leaders are looking to manage a difficult transition away from the investment- and export-led model of the past to an economy more driven by consumer demand, but the change is proving bumpy and global markets have fretted over the outlook.

"The improvement of growth momentum is mainly driven by faster property investment, which is driven by policy easing and strong property sales," said Zhao Yang of Nomura. However, he added that analysts "do not expect the property market rally to last for very long" because policy easing has reached its limits.

"We believe it will be short-lived, as the oversupply in small cities' housing market has not changed yet and the government has started to tighten policies toward property market in big cities," he said.

Bank lending exploded in March, with aggregate financing coming in at 2.34 trillion yuan ($360 million), booming from 780.2 billion yuan the month before.

Fiscal and monetary stimulus so far this year "are stronger than we expected," Zhao said, noting that banks' balance sheet growth has been "much stronger" than official data for money supply, suggesting the figures "underestimate the pace of credit expansion".

Beijing appeared to have reverted to "the old way to boost economic growth, relying on property investment and infrastructure investment," Zhao said, boosting short-term growth but further delaying necessary structural rebalancing and reform.

NBS data showed that the financial sector's first-quarter growth fell from 15.9 percent  last year -- when the stock market was booming --- to 8.1 percent this year.

China's extended lunar new year holiday always falls in the first quarter and the period frequently shows some of the slowest quarter-on-quarter growth of the year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china posts slowest quarterly growth on record Arab Today, arab today china posts slowest quarterly growth on record

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday