The Chinese economy is expected to grow by 6.7% in Q1, revised down from the 6.8% reported in Q2 2018, as the government continues clamping down on riskier finance deals. The State Information Centre, a think tank linked to the National Development and Reform Commission, reported growth in retail sales and fixed asset investment. However, property sales fell, and the think tank noted that a rebound in industrial output may be hit by the trade dispute with the US. Economists expect a continued slowdown to around 6.5% as dollar-denominated exports grow by 8%, and imports rise by 10%.
The Chinese economy is expected to grow by 6.7% in Q2 2018, revised down from the 6.8% reported in Q1, as the government continues clamping down on riskier finance deals. The State Information Centre, a think tank linked to the National Development and Reform Commission, reported growth in retail sales and fixed asset investment. However, property sales fell, and the think tank noted that a rebound in industrial output may be hit by the trade dispute with the US. Economists expect a continued slowdown to around 6.5% as dollar-denominated exports grow by 8%, and imports rise by 10%.