Analysts at Standard Chartered suggest that today’s Chinese economic releases point to green shoots in its economy as despite industrial production (IP) growth slowing to 5.3% y/y in January-February (against consensus of 5.6% and 5.7% in Q4-2018), they believe demand – the driver and leading indicator of economic cycles – has improved. Key Quotes “Measured in real terms, retail sales growth picked up to 7.1% y/y in the first two months of 2019 from 6% in Q4, while fixed asset investment (FAI) growth edged up to 5.2% from 4.8%. In other words, seasonality and destocking, rather than a continued domestic-demand slowdown were the underlying reasons for slower IP growth at the beginning of 2019.” “We maintain our GDP growth forecast of 6.4% for 2019, above market consensus of 6.2%.” “We expect the People’s Bank of China (PBoC) to cut the RRR by 100bps and the medium-term lending facility rate (MLF) rate by 20bps in Q2-2019 (see China – MLF rate cut more likely than benchmark cut, 15 February 2019).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ABN Amro: US inflation likely to remain benign over 2019-20 FX Street 4 years Analysts at Standard Chartered suggest that today's Chinese economic releases point to green shoots in its economy as despite industrial production (IP) growth slowing to 5.3% y/y in January-February (against consensus of 5.6% and 5.7% in Q4-2018), they believe demand - the driver and leading indicator of economic cycles - has improved. Key Quotes "Measured in real terms, retail sales growth picked up to 7.1% y/y in the first two months of 2019 from 6% in Q4, while fixed asset investment (FAI) growth edged up to 5.2% from 4.8%. In other words, seasonality and destocking, rather than a continued domestic-demand… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
