Reported 11 months ago
Economists have raised their growth forecasts for China as exports are expected to improve, boosting the economy despite slowing consumer spending. The Bloomberg survey indicates a projected 4.3% increase in exports this year and a 5% expansion for the economy, driven by strong overseas demand and the competitiveness of Chinese producers. While concerns over trade barriers from the US and Europe exist, the outlook remains positive, although expectations for retail sales growth, inflation, and consumer spending have been lowered.
Source: YAHOO