Friday 18 June 2010


WORLD BANK REMAINS UPBEAT ABOUT CHINA’S GROWTH PROSPECTS

BEIJING, June 18, 2010 – China's economy has continued to grow robustly, with some softening recently, according to the World Bank’s latest China Quarterly Update released today.

The Update, a regular assessment of China’s economy, finds that so far in 2010 the slowdown in government-led investment (GLI) after last year’s massive stimulus has partly been offset by strong real estate investment. Household consumption growth has held up well, reflecting a favorable labor market. Leading indicators and industrial production data suggest some moderation of the pace of growth in the second quarter, although that pace is still rapid.

Export volumes have recovered rapidly since the trough in early 2009. Nevertheless, China’s trade surplus has declined further due to surging import volumes and declining terms of trade. Inflation has picked up somewhat, but core inflation remains low. However, soaring property prices triggered tough property-specific measures, including tightening access to mortgage financing.

(...) [artículo aquí]

[China Quarterly Update, June 2010]

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