Asian region biggest events and eyes on Chinese Growth data this week

The Asian region awaits a week full of economical data which is expected to affect the performance of the financial markets, on the other hand the minds of investors focused on any developments regarding the Japanese crisis of the events of the violent earthquake that hit Japan on March 11 last.

Chinese economy will be announce data on the annual gross domestic product during the first quarter of this year, where China is expected to show growth rates of up to 9.4% compared with the previous growth rate was 9.8%.

Growth rates in China has been supporting the recovery of the industrial sector as well as the improvement seen in retail sales, indicating the recovery of the domestic spending in China which will  support  the second-largest growth in the global economy.

China will continue to achieve high growth rates over inflationary pressures on China and monetary policy makers are forced to follow tight monetary policies and raise interest rates and withdraw considerate amounts of liquidity from the financial markets.

China has raised interest rates four times since last year in an attempt to control high inflation rates which adversely affected the performance of the Chinese economy and the levels of domestic spending; China might allow the Yuan to appreciate against the dollar and other major currencies where this could help Control inflation rates.

The Chinese economy will announce during this week's data on annual retail sales index, which is expected to show a rise by 16.5% compared with the previous reading of 11.6%, on the other hand the annual index of industrial production is expected to witness a rise of 14.0% compare to the previous rise by 14.9%.

As for inflation rate, it is expected that the annual consumer price index will rise by 5.2% compared with the previous reading of 4.9%. Inflationary pressures remain present in the Chinese economy despite the measures taken by the government.

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