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Big Ben

British Embassy Beijing publishes monthly China Economy Update

April 24, 2018

The British Embassy in Beijing today published its monthly China Economy Update.

In summary the update concluded:

▪ Official data shows China’s economy kicks off 2018 with growth
above target rate;
▪ Industrial production spiked as steel production picked up;
investment growth beat expectations as property investment
surprisingly picked up and private investment rebounded; exports
remained solid;
▪ However, ongoing financial deleveraging and fiscal tightening
started to weigh on liquidity, leading to the central bank’s subtle
policy adjustment.

To read the full report visit https://www.gov.uk/government/statistics/china-economy-update?utm_source=8757e60c-b0d9-4ef1-86a3-e964fe7f4d16&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate