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China to watch for downside risks: Barclays

(Xinhua) Updated: 2014-11-08 10:14

BEIJING - A Barclays report has warned China of downside risks as the country is set to release its October indicators in the coming week, starting with trade data this Saturday.

China will see continued double-digit export growth but largely weak domestic indicators, including below-consensus forecast for new loans and total financing, the report released on Friday said.

China will see soft industrial production and slower fixed asset investment growth, as well as subdued inflation. On the other hand, retail sales could edge higher and the trade surplus could widen, lending support to the currency in the near term, it said.

Exports will continue to grow at a double-digit pace, but slow to 13 percent year on year from 15 percent in September.

Weak domestic demand and falling commodity prices should keep import growth subdued at 5.5 percent. Inflation, or consumer price index (CPI), will remain below 2 percent year on year despite increases in food prices.

China to watch for downside risks: Barclays China to watch for downside risks: Barclays
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