CHINA RECOVERY REMAINS WEAK, BUT MOMENTUM TO PICK UP IN Q2, SAYS ANZ

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April 15, 2013

BEIJING — China’s Q1 GDP growth eased to 7.7% y/y, down from Q4’s 7.9%, suggesting that China’s economic recovery remains fragile, but ANZ Bank believes growth momentum is likely to pick up somewhat in Q2 on strong Q1 total social financing and robust investment growth. “We project 8.1% and 8.0% growth for Q2 and Q3, respectively, while sub-8% growth will be very likely in Q4,” ANZ says.