China: GDP Grew 9.2% in 2011

January 17th, 2012
in econ_news

Econontersect:  China’s growth slowed last year, if you want to call 9.2% gain slow.  It was down from 10.3% for 2010.  China’s GDP was China-flag147.16 trillion yuan ($7.47 trillion) for the world’s second largest economy, slightly under 50% of the $15.3 trillion estimated for the U.S.  The fourth quarter was the weakest in two years at 8.9% annual rate of growth.  Shanghai Daily said that the fourth quarter was stronger than the consensus of estimates by economists which was 8.5%.  The GDP numbers came down gradually and smoothly from 9.7% in Q1 2011 to the fourth quarter estimate just announced as the People’s Bank of China and the government tightened monetary policy to rein in inflation.

Follow up:

With inflation now down to 4.1% annual rate in December from 6.5% in the middle of the summer, the Financial Times says the gradual slowdown led most analysts to conclude that Beijing has managed to engineer a “soft landing”.  Inflation is now running close to the government's 4.0% target.

However, the Financial Times lists a number of ongoing concerns for 2012 (most are reported at GEI News):

  • Exports to China’s largest markets, the U.S. and Europe are slowing.
  • Imports (mostly raw materials) are also slowing raising concerns about future production.
  • Manufacturing has been contracting for three months.
  • The real estate market has started a downturn.

The Financial Times quotes a number of sources that predict China will see further slowing of GDP growth in 2012 with growth in the 7-8% range mentioned.

Sources: Shanghai Daily, Financial Times and GEI News















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved