{"id":782,"date":"2013-01-09T10:13:14","date_gmt":"2013-01-09T09:13:14","guid":{"rendered":"http:\/\/blogg.lnu.se\/china-research\/?p=782"},"modified":"2018-09-13T09:56:59","modified_gmt":"2018-09-13T08:56:59","slug":"lnus-china-panel-survey-no-15-december-2012-2","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=782","title":{"rendered":"LNU\u2019s China Panel Survey No 15  \u2013   December 2012:"},"content":{"rendered":"<p><strong>\u201cOur \u201coverheating indicator\u201d for China rises to 6.5 &#8211; slightly improved outlook for 2013 and 2014\u201c<\/strong><\/p>\n<p>\u00a4 Our so-called <strong>overheating indicator for China &#8211; <\/strong>derived from a survey with China specialists all over the globe &#8211; gained some temperature in December compared to May 2012 (<strong>6.5<\/strong>; May:2012: 4.9; 1-10; 10=extremely overheated). The current GDP-growth temperature does not indicate any overheating in the general economy.<\/p>\n<p>\u00a4 <strong>GDP forecasts for China <\/strong>(average, percent) 2012: 7.3 2013: 7.8 2014: 8.0<br \/>\nFor both 2013 and 2014, GDP predictions are characterized by downward biases &#8211; though on a somewhat more encouraging trend. I tend to be slightly more optimistic.<\/p>\n<p>\u00a4 One of the panel\u2019s assumptions for Chinese growth forecasts is that around two thirds of our panel members count on a gradual but relatively modest recovery in 2013\/2014 in the <strong>OECD area as a whole<\/strong>. Approximately, one third believes in a continued weak and disappointing performance &#8211; on average &#8211; of the entire OECD block. China\u2019s <strong>growth<\/strong> <strong>sensitivity <\/strong>that is related to the European crisis is considered to be at 5.6 (scale 1-10; 1=no sensitivity at all) which is not negligible.<\/p>\n<p>\u00a4 Three fourths of the panelists predict that the Chinese <strong>currency renminbi<\/strong> (RMB) will appreciate slightly during 2013 (by 1-5 percent). All the other remaining panelists assume the RMB to remain more or less stable.<\/p>\n<p>\u00a4 100 percent of the panelists think that there is still a dangerous <strong>price bubble<\/strong> on the real estate market. When it comes to the Chinese stock market, however, our China experts seem to be markedly less concerned about potential bubble risks.<\/p>\n<p><a href=\"http:\/\/ekonomihogskolan.lnu.se\/chinaresearch\/China_Panel_%20December2012.pdf\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<p><img decoding=\"async\" class=\"alignleft\" src=\"http:\/\/ekonomihogskolan.lnu.se\/chinaresearch\/GDP_2012_2.gif\" alt=\"\" width=\"469\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/image.lnu.se\/image.ashx?id=117818&amp;w=110\" alt=\"\" width=\"110\" height=\"136\" \/><\/p>\n<p><strong><em>Hubert Fromlet<\/em><\/strong><em><br \/>\n<\/em>Professor of International Economics<br \/>\n<a href=\"..\/editorial-board\/\">Editorial board<\/a><\/p>\n<p><a href=\"https:\/\/blogg.lnu.se\/china-research\">Back to Start Page<\/a><em><br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cOur \u201coverheating indicator\u201d for China rises to 6.5 &#8211; slightly improved outlook for 2013 and 2014\u201c \u00a4 Our so-called overheating indicator for China &#8211; derived from a survey with China specialists all over the globe &#8211; gained some temperature in December compared to May 2012 (6.5; May:2012: 4.9; 1-10; 10=extremely overheated). The current GDP-growth temperature [&hellip;]<\/p>\n","protected":false},"author":174,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13398,18949],"tags":[],"class_list":["post-782","post","type-post","status-publish","format-standard","hentry","category-china-2","category-china-panel-survey"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>LNU\u2019s China Panel Survey No 15 \u2013  December 2012: - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=782\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"LNU\u2019s China Panel Survey No 15 \u2013  December 2012: - China Research\" \/>\r\n<meta property=\"og:description\" content=\"\u201cOur \u201coverheating indicator\u201d for China rises to 6.5 &#8211; slightly improved outlook for 2013 and 2014\u201c \u00a4 Our so-called overheating indicator for China &#8211; derived from a survey with China specialists all over the globe &#8211; gained some temperature in December compared to May 2012 (6.5; May:2012: 4.9; 1-10; 10=extremely overheated). The current GDP-growth temperature [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/china-research\/?p=782\" \/>\r\n<meta property=\"og:site_name\" content=\"China Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2013-01-09T09:13:14+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2018-09-13T08:56:59+00:00\" \/>\r\n<meta property=\"og:image\" content=\"http:\/\/ekonomihogskolan.lnu.se\/chinaresearch\/GDP_2012_2.gif\" \/>\r\n<meta name=\"author\" content=\"Hubert Fromlet, Kalmar\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hubert Fromlet, Kalmar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/?p=782\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?p=782\",\"name\":\"LNU\u2019s China Panel Survey No 15 \u2013 December 2012: - China Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\"},\"datePublished\":\"2013-01-09T09:13:14+00:00\",\"dateModified\":\"2018-09-13T08:56:59+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/china-research\/?p=782\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/\",\"name\":\"China Research\",\"description\":\"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\",\"name\":\"Hubert Fromlet, Kalmar\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?author=174\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LNU\u2019s China Panel Survey No 15 \u2013  December 2012: - China Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/china-research\/?p=782","og_locale":"en_US","og_type":"article","og_title":"LNU\u2019s China Panel Survey No 15 \u2013  December 2012: - China Research","og_description":"\u201cOur \u201coverheating indicator\u201d for China rises to 6.5 &#8211; slightly improved outlook for 2013 and 2014\u201c \u00a4 Our so-called overheating indicator for China &#8211; derived from a survey with China specialists all over the globe &#8211; gained some temperature in December compared to May 2012 (6.5; May:2012: 4.9; 1-10; 10=extremely overheated). 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