Home / Business / Macro

China's nominal GDP growth to accelerate in Q1: report

Xinhua | Updated: 2017-01-31 09:28

BEIJING - China's nominal GDP growth is expected to accelerate in the first quarter of the year due to signs of improving economic activity and low bases, according to a Chinese investment bank.

The nominal GDP growth, which is calculated without adjusting for inflation, will be 9.5 percent or even higher in the first quarter, said China International Capital Corp Ltd (CICC) in a research report.

Official data put China's nominal GDP growth at 8 percent in 2016, while the real GDP growth with inflation taken out was 6.7 percent.

The CICC attributed its upbeat projection to steady investment, increasing consumption and an expected recovery of exports at the beginning of 2017.

Industrial output will accelerate markedly in January and February partly due to a low base in the same period of last year, said the CICC.

It also predicted higher inflation in the first quarter, citing the low base and an earlier arrival of the Chinese Lunar New Year, when Chinese consumers tend to spend big.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349