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China's GDP growth slowed to 6.8%

Today in China, was published block important macroeconomic reports, according to which GDP growth in Q4 2015 was 6.8% against 6.9% in the 3rd quarter, the volume of industrial production in the country rose by 5.9% in December compared with the same month of 2014, against growth of 6.2% in November. The volume of investments in fixed assets for the year rose in December to 10.0%, which is 0.2% less than in November. It is worth noting that analysts had expected faster growth in retail sales in December at 11.3% per year, but the growth rate slowed down to 11.1%. Despite the deterioration on the Chinese stock markets showed growth against the background of stabilization of the exchange rate of the yuan due to the restrictive measures by the PBOC for offshore banks. After a sharp fall, with high probability, we can see the correction of stock markets in China by 7-10%.

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Tuesday, 19 Jan, 2016 / 12:54

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