Jan 31, 2011
1:22:00 PM
| Last Updated
EXECUTIVE SUMMARY
In this Lunar New Year edition of the China Monthly, we revise upward our forecasts for GDP growth and inflation in 2011. Growth was slightly above our expectations in Q4 2010, providing the economy with a head start for 2011. January likely saw a deceleration in M2 growth, despite a massive surge in bank lending, while trade received a boost ahead of the holiday. Food prices jumped in anticipation of the Spring Festival, and the CPI looks to have returned to a pace of over 5% y/y in January. Since it was a light data month—retail sales, fixed investment and[...]
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