China quarterly update, November 2010

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China quarterly update, November 2010

Abstract

China's growth has moderated somewhat, with a shifting composition. Gross Domestic Product (GDP) growth declined from 10.6 percent in the first half to a still surprisingly strong 9.6 percent (yoy) in the third quarter. The domestic economy cooled as the stimulus impact is fading out and the monetary stance is being normalized. Investment and urban consumption have decelerated, and so have imports. Meanwhile, with exports strong, net external trade has contributed significantly to (yoy) growth and the external surplus is rising again. The Results Based Management (RMB) has appreciated somewhat against the US dollar recently, although not in effective terms. Despite an expected deceleration, global growth prospects are fairly favorable due to emerging market strength. But risks include a weaker outlook in high income countries and ample international liquidity as well as the global imbalances and possibly contentious policies triggered by them. Global price pressures remain contained by spare capacity in many countries. But there are upward inflation risks internationally. Show Less

Details

Document Date	2010/11/01
Document Type	Newsletter
Report Number	57632
Volume No	1 of 1
Country	China
Disclosure Date	2010/11/03
Doc Name	China quarterly update, November 2010
Keywords	accounting, Agriculture, asset price, assets, balance sheet, bank lending, bank loans, Bank Office, banking sector, banking... Show More accounting, Agriculture, asset price, assets, balance sheet, bank lending, bank loans, Bank Office, banking sector, banking system, barrier, barriers to entry, benchmark, Broad money, capital flows, capital inflows, capital market, capital markets, clean technology, commodity, commodity price, commodity prices, competitive market, consolidation, Consumer price inflation, consumers, Consumption growth, consumption spending, consumptions, core inflation, corporate profits, cost reductions, currency, current account, Current account balance, current account deficits, current account surplus, current account surpluses, debt, debt burdens, default risk, deposit, Deposit rate, deposit rates, deposits, Developing countries, developing market, development path, distortions, domestic banks, domestic credit, domestic demand, domestic economy, economic development, ECONOMIC DEVELOPMENTS, economic growth, ECONOMIC POLICIES, Economic Policy, economic risks, economic structure, economies of scale, effective exchange rate, emerging market, emerging markets, energy demand, entry barriers, environmental externalities, Environmental Performance, environmental sustainability, equipment, Euro zone, exchange rate, exchange rate appreciation, exchange rate flexibility, exchange rate regime, exchange rates, exit strategies, expenditure, Expenditures, Export growth, export volumes, exports, External terms of trade, external trade, externalities, financial capital, financial inflows, financial innovation, financial markets, financial sector, financial services, financial system, fiscal deficit, fiscal position, fiscal reforms, fixed assets, flexible exchange rates, flow of funds, food price, food prices, foreign asset, foreign asset position, foreign exchange, Foreign exchange reserves, foreign reserves, GDP, GDP deflator, global economy, global financial markets, global imbalances, global inflation, global leader, global liquidity, global market, global risks, Global trade, globalization, government debt, government finances, government investment, government subsidy, Gross capital formation, household income, imbalance, import, import demand, Import price, imports, income, income growth, inflation, inflation expectations, inflation risks, inflationary pressures, intellectual property, interest rate, interest rates, international capital, international capital flows, international markets, international prices, International Settlements, inventories, inventory, investment climate, job creation, labor market, liquidity, local finances, local government, loose monetary policy, low interest rates, M2, manufacturing industries, manufacturing industry, market conditions, market exchange rate, market exchange rates, market share, monetary conditions, Monetary Fund, monetary policy, monetary targets, money growth, mortgage, mortgages, net exports, Nominal wage, oil commodities, oil prices, output, Output gap, peg, policy responses, poverty reduction, price change, price increases, private investment, private sector development, private sector investment, product markets, productivity, productivity growth, Profit margin, profit margins, property rights, public debt, public finances, public investment, rapid economic growth, rapid growth, real estate, real estate investment, Real GDP, recession, red tape, regulatory environment, renewable energy, reserve, sector reform, slack, slowdown, social developments, spare capacity, stocks, structural reforms, supply shocks, supply side, surplus, surplus labor, Sustainable growth, tax, taxation, Trade balance, trade data, trade loss, trade surplus, transparency, uncertainty, unemployment, upward pressure, urbanization, valuation, Value added, wage growth, wages, warrants, weights, world economy, World prices, WTO Show Less
Language	English;
Region	East Asia and Pacific;
Rep Title	China quarterly update, November 2010
Topics	Private Sector Development; Macroeconomics and Economic Growth; Finance and Financial Sector Development;
SubTopics	Economic Theory & Research; Currencies and Exchange Rates; Emerging Markets; Markets and Market Access; Debt Markets;
Unit Owning	Office of the Regional Vice Pres (EAPVP)
Source Citation	China quarterly update. -- (November 2010)

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