China Survey No 9: – March 2009
Postat den 23rd april, 2009, 17:37 av hubert
From Heat to Cold Storms – but Recovery Expected
The growth temperature of 3.9 (scale 1-10; 10=extremely overheated) in March 2009 reflects the lowest temperature by far in the Chinese economy since this survey started in fall 2004. Around 30 China experts from Asia, North America and Europe participated again in our ninth China panel.
GDP forecasts (average): 2009: 5.8%; 2010: 7.0%; 2010q4: 7.8%. The GDP forecast for 2010 is characterized by an upward bias. The exchange rate of the renminbi (RMB) is expected to remain roughly unchanged vis-à-vis the USD during 2009.
Rising unemployment, its social consequences and China’s export dependence are regarded as the main short-term concerns.
Some areas that have been graded again (10=best grading; 1=lowest grading):
Read the full report (click the image below)
Det här inlägget postades den april 23rd, 2009, 17:37 och fylls under Uncategorized