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26 Feb 2015
Chinese economy still looks solid – Danske Bank
FXStreet (Edinburgh) - Analysts at Danske Bank assessed the recent Chinese data and the prospects for the GDP.
Key Quotes
“The overall picture appears to be a subdued Chinese economy that has started to stabilise”.
“GDP in H1 15 will in our view remain relatively stable above 7% y/y due to favourable comparisons. Last year the manufacturing PMI declined markedly in Q1 with current output in the HSBC/Markit manufacturing PMI bottoming out at 47.2 in March (the current level is 50.8)”.
“We still expect the Chinese PMIs to move moderately higher in the coming months, supported by modest monetary easing, stabilisation in the property market and resilient exports”.
Key Quotes
“The overall picture appears to be a subdued Chinese economy that has started to stabilise”.
“GDP in H1 15 will in our view remain relatively stable above 7% y/y due to favourable comparisons. Last year the manufacturing PMI declined markedly in Q1 with current output in the HSBC/Markit manufacturing PMI bottoming out at 47.2 in March (the current level is 50.8)”.
“We still expect the Chinese PMIs to move moderately higher in the coming months, supported by modest monetary easing, stabilisation in the property market and resilient exports”.