China September data seen tipping mild pickup in economy

China September data seen tipping mild pickup in economy
 

A flurry of data from China in coming weeks is expected to point to modest improvement in the economy in the third quarter as a government infrastructure spree and a housing boom boosts demand from steel and glass to furniture and appliances.
Exports are expected to remain, weak, however, while fixed asset investment is likely to hover near 17-year lows, leaving the economy imbalanced and highly reliant on a rebound in heavy industry and government spending for growth.
"Firmer manufacturing activity points to faster GDP growth," ING's chief Asia economist Tim Condon wrote in a... read more

 
4 October 2016 in Business, Views: 35
Source: Reuters
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