As a nation with China as its neighbour we need to keep tab on Chinese growth because we do not have to envy it but to take it as a role model to progress. Have a look at latest statistics on Chinese growth.
China recently released its fourth quarter GDP data, which showed that the economy grew at an annualized rate of 8.9% from the previous year’s quarter. That was the lowest rate of growth since the second quarter of 2009 (2-1/2 years ago). For the entire of year of 2011, China’s economy grew at 9.2%, which was also the lowest rate of growth since 2009 -- the year that global equities bottomed.
The Bank of China had been tightening monetary policy by raising interest rates and bank ratio reserves on capital to stem the sharp rising inflation in the housing market.
So, basically, China’s economy continues to show signs of slowing down. Or, is China closer to a bottom, with this slow but painful grind lower merely the symptom of their successful engineering of a soft landing to cool the economy at a controlled pace?
Our Verdict
We feel that Chines real economic growth situation will emerge clearly by the end of current running year.
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