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China Monthly

It Was a Very Good Year

EXECUTIVE SUMMARY

In this China Monthly, we revise our 2010 forecast upward slightly to take account of stronger activity in Q4, when the government’s fiscal policy turned extremely supportive. Inflation in December took a breather from its upward climb, though core prices continued their advance. China’s interbank market showed signs of a credit crunch at the end of December, but banks easily overshot the 2010 lending quota of RMB7.5 trillion. Chinese imports and exports likely broke records for a second consecutive month, though the pace of y/y growth eased in December. Meanwhile,[...]

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