Arab Today, arab today positive signs fuel hope of economy bottoming out
Last Updated : GMT 08:23:11
Arab Today, arab today
Arab Today, arab today

Positive signs fuel hope of economy bottoming out

Arab Today, arab today

Arab Today, arab today Positive signs fuel hope of economy bottoming out

China lowers 2015 growth target
Beijing - XINHUA

China's economy is likely to stabilize and recover in the latter half of the year as data suggest economic fundamentals are improving.

Multiple economic indicators suggest the worst is over and positive changes are emerging due to pro-growth and reform policies, the National Bureau of Statistics (NBS) said Monday.

The remarks followed Premier Li Keqiang's reassurance earlier this month that continued macroeconomic regulations and a campaign to promote innovation and entrepreneurship would ensure the country hits this year's growth target.

The reaffirmation of confidence came ahead of the release of GDP data for the second quarter on July 15, which analysts predict will slip below 7 percent as the effects of China's pro-growth policies have yet to spread.

UBS chief China economist Wang Tao estimated GDP growth will ease to 6.9 percent in the second quarter as the real economy remains sluggish.

But as the effects of the country's expansionary fiscal policy and monetary easing spread, growth is expected to tick up in the third or fourth quarter.

In addition to four interest rate cuts since November, China has decided to remove its 75-percent loan-to-deposit ratio requirement to give banks more freedom to lend.

The government has also accelerated fiscal spending with the approval of a package of major infrastructure projects and an ambitious plan to speed up improvement of run-down urban areas.

The policies have already produced some changes. Earlier data showed China's manufacturing activity remained in expansion territory for three straight months while growth in the services sector quickened, suggesting continued economic improvement.

Growth of high-tech and consumer products manufacturing continued to beat overall manufacturing, signaling success in economic restructuring, while high energy-consuming industries saw slower growth, according to the data.

The property sector is also warming up. The sector's fortune is considered crucial to the broader economy as it affects a wide range of industries, including steel and cement.

The average price per square meter in a sample of 100 cities rose 0.56 percent month on month to 10,628 yuan (1,739 U.S. dollars) in June, according to a survey by the China Index Academy (CIA), an independent research institute.

The gain accelerated from 0.45 percent in May, which was the first rise since January.

Other recovery signs include an increase in power consumption, faster credit growth and higher prices of some raw materials.

"This shows that market demand is bottoming out, and China's economic growth will see mild recovery in the latter half to put it on track to meet this year's growth target of around 7 percent," noted Lian Ping, chief economist at the Bank of Communications.

While recognizing the improving trend, NBS spokesman Sheng Laiyuan cautioned that some improvements are still fragile and tentative. He said the country should remain watchful of downward pressure and make stronger efforts to achieve the annual growth target of around 7 percent for this 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 positive signs fuel hope of economy bottoming out Arab Today, arab today positive signs fuel hope of economy bottoming out

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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