FXstreet.com (Barcelona) - GDP growth in China decelerated from 8.1% to 7.6% in Q2 2012. Faltering exports weighed on industrial production, slowing its growth by 10bp to 9.5% in June.
However, Chinese Premier Wen hinted earlier this week that concrete fiscal measures would be taken to stimulate growth, which could take China out of the current slump: “Combined with first signs of a stabilisation in the property sector and with inflation at comfortable levels for the People’s Bank of China, this suggests that a turnaround could be on the cards”, wrote Danske Bank senior analyst Christin Tuxen.
However, Chinese Premier Wen hinted earlier this week that concrete fiscal measures would be taken to stimulate growth, which could take China out of the current slump: “Combined with first signs of a stabilisation in the property sector and with inflation at comfortable levels for the People’s Bank of China, this suggests that a turnaround could be on the cards”, wrote Danske Bank senior analyst Christin Tuxen.
