China's GDP's silver lining - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at Nomura noted yesterday's Chinese GDP but at the same looked for the positives.

    Key Quotes:

    "The silver lining is that the pace of economic rebalancing seems fairly fast. The contribution to real GDP growth from final consumption rose to 58.4% (ytd) in Q3 from 49.1% in Q3 2014."

    "The rebalancing was at least partly helped by faster income growth (7.7% y-o-y ytd) than GDP growth (6.9%) in Q3 2015. Moreover, in the first three quarters of this year, the share of the service sector in total GDP rose to 51.4% from 49.1% the same time last year, while that of secondary industry contracted to 40.6% from 42.7%."
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