China’s Q1 GDP Likely Slowed To 6.5%: ANZ

Though activities in China in the first two months of 2016 remained sluggish, signs of stabilization were visible in March, and hence, ANZ analysts anticipate that China’s Q1 GDP growth will moderate to 6.5%. Raymond Yeung and colleagues point out in their April 11 “Greater China Market Focus” research note that China’s export growth may have turned positive due to base effect.

Services sector – key driver for China’s growth

Yeung and team point out that the services sector will likely continue to be the key driver for growth in China, considering the slowdown in investments on a yearly basis. They note that while stock market turnover slowed after the stock market volatility between mid-2015 and early 2016, the recent surge in property transactions...