Chinese Economics Thread

[Tomboy]

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Chinese GDP only grew 4.7 percent for the first half of this year. Consumer demand seems to collapse as soon as government incentives end.

 

[Dante80]

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Chinese GDP only grew 4.7 percent for the first half of this year. Consumer demand seems to collapse as soon as government incentives end.

I'm getting a 4.3% in most western sources, not 4,7.

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[SanWenYu]

I'm getting a 4.3% in most western sources, not 4,7.

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Q2 (4.3%) alone vs. H1 (4.7%):

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初步核算，上半年国内生产总值695704亿元，按不变价格计算，同比增长4.7%。

分产业看，第一产业增加值31522亿元，同比增长3.7%；第二产业增加值250473亿元，增长3.9%；第三产业增加值413709亿元，增长5.2%。

分季度看，一季度国内生产总值同比增长5.0%，二季度增长4.3%。从环比看，二季度国内生产总值增长0.9%。

 

[MortyandRick]

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Chinese GDP only grew 4.7 percent for the first half of this year. Consumer demand seems to collapse as soon as government incentives end.

Not surprising. It's expected that consumer demand cools after dissolution of incentives. Surprising that's it grew at all. But factory activity continues to be strong

 

[Quan8410]

I'm getting a 4.3% in most western sources, not 4,7.

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4.3 is YOY, 4.7 is YTD.

 

[henrik]

Not surprising. It's expected that consumer demand cools after dissolution of incentives. Surprising that's it grew at all. But factory activity continues to be strong

They should pump up the economy by using more incentives for buying more cars.