China: growth (+ 6.9%) is at its lowest in 25 years, but in line with expectations – Il Sole 24 Ore

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This article was published on 19 January 2016 at 07:04.
The last change is the January 19, 2016 at 08:37.

Here come signs of stabilization in the Chinese economy. For the first time the Shanghai Stock Exchange collects two consecutive sessions thanks to data released by the National Statistics in Beijing today. Growth on the year was 6.9. The Shanghai Composite was positive 2.1% to 2,974.04 at the end, before closing up 3.2% at the end of the session.

We are always in the worst economic situation in recent years, but – according to official data always somewhat in the odor to be unreliable – China’s economy grew by 6.8% in the fourth quarter compared to 2014, in line with expectations.
Breath of relief: the growth over the year was 6, 9, certainly the weakest since the global financial crisis, with the Beijing Government poised between interventions in support of markets and attempts to broaden the range of finance of China to the dynamics of global markets.

Quarter-on-quarter growth was slightly below expectations, at 1.6 percent, admitted to the National Bureau of Statistics. Economists had expected an increase of 1.7 percent on a quarterly basis, compared to a revised reading of 1.8 percent in the previous quarter.

The growth for the full year was 6 , 9 percent, in line with the Government’s target of around 7 percent. Weigh structural factors such as weak exports, the overcapacity, a market overcapacity factory, a soft housing market, high levels of debt, investment slowing and the anti-corruption tenaciously pursued by the Government. Some market watchers believe that the real growth rate may be much weaker than official data suggest. The added value of industrial production in China increased by 5.9% in December compared to 2015, with a slowdown in growth of 6.2% in November.

Month-on-month, industrial production increased 0.41% in December from November, when production increased 0.58%, starting in October. For the full year of 2015, the industrial production grew by 6.1%, slower than a 8.3% increase in fixed investments 2014. Assets in non-rural areas of China were up 10.0% of the last year, compared with an increase of 10.2% for the first 11 months of the year. The increase of the indicator of construction was lower than the median forecast of economists with a gain of 10.2%. Retail sales grew by 11.1% in December from a year earlier, slowing from a rise of 11.2% in November.

Retail sales increased 0.82 % in December from November. In November, they increased 0.86% from the previous month. Retail sales increased by 10.7% in 2015, far less than the growth of 12.0% in 2014.

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