MISS: CHINA GDP SLOWS TO 8.1%

China

Photo: Screenshot via YouTube

China’s GDP growth rate slowed to 8.1 per cent in Q1 from 8.9 per cent in Q4.Economists poled by Bloomberg were looking for 8.4 per cent.

However, the markets seem to be holding up.

The Shanghai Composite is up 0.1%.

Hong Kong’s Hang Seng is up 1.3%.

Bloomberg Brief economist Michael McDonough argues that the “[r]isk of Chinese hard landing still extremely minimal.”

Don’t forget, the Chinese government is officially targeting 7.5 per cent GDP growth this year.

Some economists think that’s too conservative.  Bank of America’s Ting Lu sees China’s GDP growing 8.6 per cent this year.  Morgan Stanley’s Helen Qiao recently boosted her China GDP growth forecast to 9.0 per cent from 8.4 per cent.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us