首页 社会正文

皇冠开户平台(www.hg9988.vip):China unexpectedly cuts key rates as economic data disappoints

admin 社会 2022-08-25 2 0

皇冠开户平台www.hg9988.vip)是皇冠官方开户平台,开放皇冠信用网代理申请、信用网会员开户,线上投注的官方平台。

BEIJING/SHANGHAI: China's central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis.

The grim set of figures indicate the world's second-largest economy is struggling to shake off the June quarter's hit to growth from strict COVID restrictions, prompting some economists to downgrade their projections.

Industrial output grew 3.8% in July from a year earlier, according to the National Bureau of Statistics (NBS), below the 3.9% expansion in June and a 4.6% increase expected by analysts in a Reuters poll.

Retail sales, which only just returned to growth in June, rose 2.7% from a year ago, missing forecasts for 5.0% growth and the 3.1% growth seen in June.

"The July data suggest that the post-lockdown recovery lost steam as the one-off boost from reopening fizzled out and mortgage boycotts triggered a renewed deterioration in the property sector," said Julian Evans-Pritchard, senior China economist at Capital Economics.

"The People's Bank of China is already responding to these headwinds by stepping up support... But with credit growth proving less responsive to policy loosening than in the past, this probably won't be sufficient to prevent further economic weakness."

Local shares gave up earlier gains after the data while the yuan weakened to a one-week low against the dollar and the Australian and New Zealand currencies pulled back from their recent two-month highs.

,

哈希定位胆源码www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希定位胆源码开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

,

China's economy narrowly escaped a contraction in the June quarter, hobbled by the lockdown of the commercial hub of Shanghai, a deepening downturn in the property market and persistently soft consumer spending.

Risks still abound as many Chinese cities, including manufacturing hubs and popular tourist spots, imposed lockdown measures in July after fresh outbreaks of the more transmissible Omicron variant were found.

The property sector, which has been further rocked by a mortgage boycott that weighed on buyer sentiment, deteriorated in July. Property investment tumbled 12.3% in July, the fastest rate this year, while the drop in new sales deepened to 28.9%.

Nie Wen, Shanghai-based economist at Hwabao Trust, lowered his forecast for the third-quarter gross domestic product growth by 1 percentage point to 4-4.5%, after the weaker-than-expected data. "Now it is looking increasingly challenging to even achieve the 5-5.5% growth in the second half."

BALANCING ACT

In order to prop up growth, the central bank on Monday unexpectedly lowered interest rates on key lending facilities for the second time this year.

Chinese policymakers are trying balance the need to shore up a fragile recovery and eradicate new COVID clusters. As a result, the economy is expected to miss its official growth target this year - set at around 5.5% - for the first time since 2015.

版权声明

本文仅代表作者观点,
不代表本站赤峰信息网的立场。
本文系作者授权发表,未经许可,不得转载。

评论

站点信息

  • 文章总数:27325
  • 页面总数:0
  • 分类总数:8
  • 标签总数:4186
  • 评论总数:3244
  • 浏览总数:1514763