Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  January 18, 2013 10:01:05

China - 4Q GDP grew by 7.9%, just above estimates, the industry exceeded estimates in December retail +15%


China's GDP in Q4 of last year showed annual growth of 7.9%, which just surpassed estimates chosen by an average of 7.8%. 3Q GDP grew by 7.4%.
For the whole of 2012, GDP grew by 7.8%, which was at least the last 13 years. Estimated market growth in this regard by 7.7%. Government's target of last March allowed for growth of 7.5%, which would be the lowest since 2004. The government has announced that it will retain the same goal for this year also. The market for 2013 is expected to rise by 8.1%.

According to the head of the Chinese Statistical Office of the fair level of growth could be a long time between 7-8%. Return to grow by 10%, according to him, already unlikely.

Industrial production in December increased by 10.3% compared to the expected 10.2%.
Retail sales grew by 15.2% compared to 15.1% in market expectations.
Investment in infrastructure for the entire year 2012 grew by 20.6% compared to 20.7% in November,.
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Čína - HDP ve 4Q rostl o 7,9%, těsně nad odhady, průmysl překonal odhady, maloobchod v prosinci +15%

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