• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

China ETFs To Watch As Economic Growth Remains Robust

By Kurt Osterberg · On April 19, 2018

The world’s second-largest economy exhibited strong performance in the first quarter. Strength in consumer spending drove expansion and overshadowed the troubles facing the economy. 

However, this was not enough to convince pessimists of a brighter future, as they questioned the impact of the trade friction and high debt on the economy.

Into the Headlines

China’s economy grew 6.8% year over year in the first quarter, slightly slower than 6.9% reported in 2017. Moreover, first-quarter data was above the 2018 target of 6.5%. 

Exports led the way for China’s economic expansion in the quarter, as it grew 14% in the first quarter compared with 8% in the prior-year quarter. However, the outlook for this space remains cloudy, owing to increasing trade tensions with the United States.

Producer prices slowed to a 17-month low of 3.1% on a year-over-year basis in March compared with 3.7% in the previous month. Moreover, consumer prices increased 2.1% in March compared with 2.9% in February. The numbers in February seemed to be distorted, owing to a one-off increase in demand due to Lunar New Year celebrations. 

Although consumer spending increased 9.8% in the quarter, it was below the 10.0% growth registered in the year-ago quarter. Moreover, investments in roads, airports and other infrastructure slowed to 13.0% compared with 23.5% in the year-ago quarter. The relative weakness in these numbers support the prediction of a slowdown in the coming months. 

“March data point to nascent signs of a growth slowdown underway, led by old economy sectors,” per a Bloomberg article, citing a statement by Rob Subbaraman, chief economist for Asia ex-Japan at Nomura Holdings Inc.

Risks Involved

From a domestic perspective, the Chinese government is aiming to crack down on high debt levels and pollution intensive industries to transform the manufacturing oriented economy to a more balanced one. President Xi Jinping’s aim to shift the economic growth drivers to quality instead of just quantity by cracking down on pollution might initially lead to a gradual slowdown in economic growth.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.