www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Macro

Weak economic figures fuel policy easing bets

By CHEN JIA (China Daily) Updated: 2015-03-12 08:23

Industrial output growth drops to slowest pace since February 2009

Weak economic figures fuel policy easing bets

China's economy fell to its lowest level of growth since the 2008 global financial crisis in the first two months of the year, and is still being hurt by weaker demand and excess industrial capacity.

The National Bureau of Statistics reported on Wednesday that industrial output growth year-on-year dropped to 6.8 percent in January and February, the slowest pace since February 2009, compared with 7.9 percent in December, the direct result of overall declines in factory production, fixed-asset investment and retail sales.

Economists said they now expect further policy easing in the coming months to ensure that GDP growth does not fall below the government's recently announced target of "around 7 percent" for this year.

Fixed-asset investment, which used to be the strongest driving force of the world's second-largest economy, slowed to 13.9 percent in the first two months from the whole-year growth rate last year of 15.7 percent, its lowest level since December 2000.

Slightly more encouraging were retail sales which increased by 10.7 percent in January and February from the same period last year. However, that was still slower than the 11.9 percent rise in December, and marked the weakest growth since March 2006.

"The downward pressures on growth, stemming from the weakness in real estate, will remain in the coming months," said Louis Kuijs, chief economist in China at Royal Bank of Scotland Plc.

"We expect a further 50-basis-point cut in benchmark lending and deposit interest rates, probably in two steps, with the first step in the second quarter."

Kuijs also expected that quantitative monetary management will continue to be key in steering monetary conditions this year, and managing the growth of base money is part of that.

"There are downside risks to infrastructure spending this year. However, we do not share the fears about a 'fiscal cliff' that some observers have, with local government spending coming down sharply because of the constraints of the new local government debt framework," he said.

Liu Ligang, chief economist in China with Australia and New Zealand Banking Group Ltd, said that the government could accelerate the approval of infrastructure construction projects following the ongoing two sessions, and announce further monetary easing measures.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产 高清 在线 | 亚洲欧美午夜 | 模特精品一区二区三区 | 最刺激黄a大片免费观看下截 | 欧美毛片a级毛片免费观 | 精品日本久久久久久久久久 | 久久精品国产亚洲精品2020 | 亚洲精品久久久久影院 | 久久aⅴ免费观看 | 国产三级在线视频观看 | 日韩在线第一区 | 日本三级香港三级人妇r | 91精品自在拍精选久久 | 国产精品拍拍拍福利在线观看 | 国产小毛片 | 久久综合亚洲一区二区三区 | 日韩经典视频 | 成 人 黄 色 激 情视频网站 | 国产三级小视频在线观看 | 欧美亚洲日本韩国一级毛片 | 欧美日韩中文一区二区三区 | 欧美成人午夜做爰视频在线观看 | 欧美多人三级级视频播放 | 暖暖在线精品日本中文 | 午夜爽爽视频 | 99久久精品免费观看区一 | 亚洲成a人不卡在线观看 | 一级毛片免费在线 | 久草热久草视频 | 国产中文字幕免费观看 | 国产一级在线现免费观看 | 日韩欧美不卡一区二区三区 | 欧美专区一区 | 男人的天堂亚洲 | 日韩精品免费一级视频 | 欧美日本在线视频 | 99国产精品久久久久久久... | 欧美3p精品三区 | 玖玖玖视频在线观看视频6 玖玖影院在线观看 | 国产成人一区二区视频在线观看 | 97一级毛片全部免费播放 |