The Barclays Research Team is out with a brief preview of their expectations on the upcoming Chinese macro releases due to be reported at 7GMT today.
“We expect industrial production growth to remain broadly stable, at 6.1%, in December, as signaled by solid manufacturing PMIs.
We forecast fixed asset investment growth will moderate to 7.1% in December, with recovering manufacturing investment partially offsetting an expected slowdown in infrastructure and real estate investment.
Growth in retail sales is likely to remain above 10% despite some moderation in auto sales.
We view strong exports, robust consumption, and slow but solid investment growth as presenting upside risks to our GDP growth forecast of 6.3% q/q saar (or 6.7% y/y) for Q4 17.”
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