Econintersect: China’s National Bureau of Statistics said the world’s second-largest economy grew at 7.6% for the first half of the year. This appears to be in line with expectations but has renewed trader’s expectations that China would partake in a new round of stimulus measures.
“The fact the numbers are not as bad as people had feared gives the market a boost,” Francis Lun, managing director at Lyncean Securities in Hong Kong, told Dow Jones Newswires. “Also, the government is expected to further introduce monetary policies (such as a cut in banks’ reserve requirements).”
AFP News also reported the speculation that additional stimulus measures were coming:
“The China stimulus story looks all the more apparent, boosting commodities,” said Jack Pollard, an analyst at Sucden Financial brokers in London.
To read more on China Stimulus:
China: GDP Growth Slips to 7.6%
– https://econintersect.com/
Econintersect: In China the National Bureau of Statistics has reported that the county’s gross domestic product (GDP) expanded 7.6 % in the second quarter from a year earlier. That compares with growth of 8.1 % in the first quarter and means that China’s economy expanded at 7.8% year-over-year in the first half year. China’s economy is slowing down at the same time both Europe and the U.S. are having similar problems. In fact, part of China’s slower growth may be directly attributable to the softness in other major economies.
China’s growth rate slows to 7.6%
– http://timesofindia.indiatimes.com/
Commodity prices win late rally on China stimulus hopes
– http://news.yahoo.com
Commodity prices, which fell during most of the past week, rallied strongly Friday on speculation of more China stimulus measures to boost demand in the Asian powerhouse nation.Oil prices rise on hopes for new China stimulus
– http://news.yahoo.com
World oil prices climbed Friday as traders speculated that the Chinese government could implement more stimulus measures to combat weaker economic growth.
Additional economic news from China:
China to invest $5 billion to renovate rural houses: Xinhua
– http://www.reuters.com/
China-Focused Women’s Footwear Retailer Daphne Says Profit Margins Likely Fell In 1st Half
– http://www.forbes.com/
High & Low Finance: In China, Discomfort Over Inspecting the Inspectors
– http://www.nytimes.com/
Colliers Report May Bolster Chinese Billionaire Couple’s Soho Buyback Plan
– http://www.forbes.com/
Monthly Economic Overview: Global growth stalling as euro gloom spreads
– http://www.markit.com/
Debate rages in Congress, public over U.S. Olympic uniforms made in China
– http://feeds.washingtonpost.com
Asia has firepower to fight slowing growth: analysts
– http://news.yahoo.com
Bad news from South Korea, Singapore and China this week failed to rattle investors’ confidence in the region, despite fears that Europe’s economic contagion is spreading rapidly to the East.China Yawns as U.S. Complains About Auto Tariffs
– http://www.nytimes.com/
Daily Economic Overview: Stocks break losing run as China worries ease
– http://www.markit.com/
Asia markets rise on relief at China data
– http://news.yahoo.com
Asian shares made modest gains Friday after China said its economy slowed in line with expectations, quashing fears data would show a “doomsday” scenario of the country heading for a hard landing.China’s Growth Rate Slowed in the 2nd Quarter
– http://www.nytimes.com/
Daily Economic Overview: China’s trade data add to global growth jitters
– http://www.markit.com/
China’s capital controls: The more special economic zone
– http://www.economist.com/
