LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

China's fourth-quarter economic growth likely to slow amid debt, pollution battle

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Jan 18, 2018
05:05 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

China is expected on Thursday to post a modest slowdown in fourth quarter economic growth from the previous three months as the government extended a crackdown on debt risks and factory pollution.

Analysts polled by Reuters expect the world`s second-largest economy to have grown 6.7 percent in the October-December quarter from a year earlier, cooling from the previous quarter`s 6.8 percent pace.

Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.

The expected moderation, still within Beijing`s comfort zone given its annual growth target of around 6.5 percent, comes on the back of a cooling property sector, pollution curbs that have hit factory activity and a rise in corporate funding costs.

Still, modest upside surprises are expected by analysts after Premier Li Keqiang said last week that the economy is expected to have grown 6.9 percent last year, topping the state target and accelerating for the first time in seven years.

"It will be surprising if Q4 growth turns out to be 6.9 percent," said Li Huiyong, an economist at Shenwan Hongyuan Securities in Shanghai.

"The downward trend is clear. We expect investment to come under pressure this year but we are relatively optimistic about consumption and exports."

Investment could be dampened by property curbs and tighter controls on local government financing, he added.

A Reuters poll forecast China`s economic growth would slow to 6.5 percent this year from expected 6.8 percent in 2017.

The release of China`s fourth-quarter and 2017 GDP data, including for December factory output, retail sales and fixed-asset investment, is scheduled for 0700 GMT on Thursday, a delay from its usual 0200 GMT release time.

A better-than-expected gross domestic product reading could lift stocks and global commodity prices, and boost bullish sentiment on the yuan , which has gained about 1percent against the dollar so far this year, following a 6.8percent rise last year.

Analysts estimated gross domestic product (GDP) grew 1.6 percent quarter-on-quarter, easing from 1.7 percent in the third quarter.RISING BORROWING COSTS

China`s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum. Solid exports have been a boon for Chinese policymakers.

Meanwhile, China`s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny.

China does not need to raise benchmark interest rates in the near-term as market rates and corporate borrowing costs have gone up amid a deleveraging drive, a central bank advisor said in remarks published on Tuesday.

The weighted average lending rate for non-financial firms, a key indicator of corporate funding costs in China, rose by 49 basis points in the first nine months of 2017 to 5.76 percent, according to central bank data.

Policy sources told Reuters previously that China will still keep its GDP growth target at around 6.5 percent in 2018 as Beijing seeks to balance efforts to reduce debt risks while keeping the economy on a steady footing.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

UPSC notification 2021: 10 things you need to know for appearing in the UPSC CSE Prelims 2021 civil services exam - Candidates don't miss

6 sixes in an over: WATCH! Kieron Pollard joins Yuvraj Singh in exclusive club

Planning to apply for driving licence online? Big convenience! No need to visit RTO office anymore - Here is why

SBI Share Price: Investors Alert! Maximise your profit, market experts have this advice for you

Zoom recovers from hours-long outage, says issues were likely due to local internet glitch

IRCTC share price today hits life-time high of Rs 2015.80; Investors make big money

Download NID Admit Card, Admission Letter 2021 released for B.Des. & M.Des. DAT Prelims Exam

7th Pay Commission: Who gets double pension and in which case—EXPLAINED

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

10L other bank customers using ICICI Bank's banking app

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved