Tuesday, January 15, 2013

Deustche Bank bullish on 8.5% GDP growth for China

Pdf Tuesday, January 15, 2013

China's gross domestic product (GDP) could lift to 8.5 percent in the second half of 2013, according to a Deustche Bank forecast on Monday.

This was on the back of improving corporate earnings and increasing government spending.

Ma Jun, chief economist of DB China, voiced expectation that China's GDP growth will accelerate to 8 percent in the first six months and further pick up to 8.5 percent in the second half of the year.

China's economy rose 7.4 percent in the third quarter of 2012, marking its lowest growth in more than three years and a slow-down for a seventh consecutive quarter.

The country is scheduled to release fourth-quarter GDP and that for the whole of 2012 on Friday.

Source: http://www.proactiveinvestors.com.au/companies/news/38197/deustche-bank-bullish-on-85-gdp-growth-for-china-38197.html

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