China's GDP growth to slow to 7.3% in Q3

0 Comment(s)Print E-mail Chinadaily.com.cn, September 28, 2012
Adjust font size:

China's third-quarter GDP growth will slow to 7.3 percent year-on-year, investment bank UBS AG said in a research note on Friday.

"We expect the data to show that demand remained weak, de-stocking continued, and the recovery has yet to happen," said Wang Tao, an economist at UBS.

On the positive side, the bank expects to see a faster pace of credit and financing expansion, a continued rebound in property sales, and an acceleration of infrastructure investment.

"We forecast that bank lending will grow by 16.3 percent year-on-year at the end of September, with net new lending reaching 650 billion yuan," said Wang.

The CPI is expected to soften again to about 1.8 percent year-on-year, and PPI to decline another 3.4 percent year-on-year.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter