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China: Growth slowdown will likely continue in Q1 2016 – Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Nomura, notes that the Chinese real GDP growth dipped only slightly to 6.8% y-o-y in Q4 from 6.9% in Q3, possibly with the non-financial services sector filling the gap left by a weaker financial sector.

    Key Quotes

    “However, weaker December core activity growth across the board suggests still-soft growth momentum and large downward pressure.

    We expect growth to continue to slow and maintain our forecast of real GDP growth slowing to 5.8% this year from 6.9% in 2015.

    We expect a moderate fiscal stimulus (with the budget deficit rising to 3% of GDP) and an accommodative monetary policy stance (with four 50bp bank reserve requirement ratio cuts and two 25bp benchmark interest rate cuts) in 2016.”
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