Arab Today, arab today chinas economic policy adjustment messages get accepted by international investors
Last Updated : GMT 17:12:35
Arab Today, arab today
Arab Today, arab today

China's economic policy adjustment messages get accepted by international investors

Arab Today, arab today

Arab Today, arab today China's economic policy adjustment messages get accepted by international investors

China flag
Beijing - XINHUA

International confidence in China's economic future obviously improved following the release of key statistics for its economic performance in the first quarter on Friday, as people outside China have come to accept China's "new normal" of slower growth between 6.5 percent and 7 percent.

David Dollar, senior fellow at the John L. Thornton China Center, Brookings Institution, said Chinese authorities have "done something" on the macro level to stabilize the situation over the last couple of months.

"If you go back three months or so ... there was a real worry around the world about a hard landing in China. There have been the missteps in the exchange market. There was the worry about an unruly devaluation," he said.

"Chinese economic data is showing signs of stabilization, including recent PMI numbers, as well as the latest figures on industrial production and retail sales," Suan Teck Kin, an economist with the United Overseas Bank in Singapore, was quoted by Reuters as saying.

"All this obsession with a Chinese hard-landing I think is a bit too much," Suan said.

China's gross domestic product grew by an annualized 6.7 percent in the first quarter, with March industrial output surprising at 6.8 percent.

Its exports grew by 11.5 percent in March, the first expansion since June, though a lower base last year and seasonal factors associated with the Chinese New Year may be some distorting factors.

Retail sales in the first quarter rose by 10.3 percent from a year before, up from 10.2 percent in the previous quarter.

"The latest data are strong enough to show that despite its prolonged slowdown, China remains a main engine of global growth," the Associated Press reported.

The AFP also said that "green shoots (are) appearing" even though the quarterly growth has slowed.

Challenges remain as China tries to push through a transition from growth driven by investment and exports to growth led by consumption and the services sector.

Some of the observers voiced concerns over the rise in corporate debt while acknowledging the signs of recovery.

However, the International Monetary Fund (IMF) said in a report on Wednesday that China's corporate debt risks are rising but still manageable.

The IMF report said risks are concentrated in five sectors such as real estate, manufacturing, retail and wholesale, mining and steel, where earnings relative to interest expense have fallen despite declining nominal interest rates.

It estimates that bank loans potentially at risk in China amount to almost 1.3 trillion U.S. dollars, which could translate into potential bank losses of 756 billion dollars.

"This number may seem large but it is manageable, given China's bank and policy buffers and continued strong growth in the economy," said Jose Vinals, director of the IMF's monetary and capital markets department.

In its latest quarterly forecast released earlier this week, the IMF raised its China growth projections for both 2016 and 2017 by 0.2 percentage point, a bright spot amid sluggish global growth.

Economists and analysts agree that the Q1 growth, though slowest in seven years, is in line with market expectations.

Chen Fengying, world economy research fellow with the China Institute of Contemporary International Relations, said people outside China have gradually come to accept the "new normal" of China as the authorities increased their communication efforts on the economic policies.

"The economists and investors outside China no longer expect 9 percent or faster growth," she said. "It is a process of China's messages of policy adjustments getting through to international investors."

(Xinhua correspondent Gao Pan based in Washington contributed to this report.)

arabstoday
arabstoday

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 chinas economic policy adjustment messages get accepted by international investors Arab Today, arab today chinas economic policy adjustment messages get accepted by international investors

 



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 chinas economic policy adjustment messages get accepted by international investors Arab Today, arab today chinas economic policy adjustment messages get accepted by international investors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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