• 22 mins Oil Falls To $20 For First Time In Nearly Two Decades
  • 2 hours COVID-19 Could Be The End Of U.S. Coal
  • 18 hours How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 2 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 3 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 3 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 4 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 4 days U.S. Auto Sales Fall By 75%
  • 5 days Violating Quarantine? Big Brother Is Watching
  • 5 days Does Gold Still Have Some Room To Run?
  • 5 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 6 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 6 days The Impossible Challenges Created By Growing Population
  • 6 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
  • 7 days World’s Richest Lose $1 Trillion In Stock Market Rout
  • 7 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
  • 7 days The Best And Worse Case Scenario For The U.S. Stock Market
  • 8 days 3 Industries Soaring During The Coronavirus Crisis
  • 8 days The Key To Commercial Hydrogen
  • 9 days Gold Still Beating Much Of The Market Despite Sell-Off
Is A Banking Crisis Looming?

Is A Banking Crisis Looming?

As stock markets continue to…

Nothing Like A Pandemic For A Spur Of Creative Capitalism

Nothing Like A Pandemic For A Spur Of Creative Capitalism

The market has officially entered…

  1. Home
  2. Markets
  3. Economy

China's Economic Growth Exceeds Analyst Expectations

China

China's economy continued to grow steadily in the first quarter, exceeding expert expectations notwithstanding the continuing tariff dispute with the United States.

Data revealed Wednesday showed that China's economy outperformed forecasts as growth steadied in the first quarter of the year in spite of moderate global interest, a United States trade war and a battle versus the country's growing financial obligations. The country's economy expanded by 6.4 percent in the January to March period, faster than the 6.3 percent projected by economic experts in an AFP survey.

Investors have been following the strength of the Chinese economy carefully amidst China's ongoing battle with the United States. Chinese officials' GDP figures are followed closely, however, as many analysts have long exhibited suspicion about the accuracy of China's reports.

Is Chinese development slowing?

Recovery of Chinese growth and demand for imports might help to reinforce declining global economic activity. China is the most critical export buyer for its Asian neighbors and a leading market for automobiles, mobile phones, consumer goods, food, and technological innovation.

Chinese officials stepped up basic federal government expenses in 2018, directing banks to grant more after monetary growth flatlined, raising the threat of politically painful job losses. Related: America’s Biggest And Most Profitable Actually Got Tax Rebates

New credit spilled into the commercial system last month, with the development of bank loans and overall impressive credit hastening, though analysts estimate it will take about six months to spark a true economic rebound.

The trade war carries on

The trade war between China and the U.S. has weighed on monetary activity internationally, especially in the second half of last year. That put more pressure on China as the country was striving to detach its economy from excessive dependence on debt to expand, triggering issues that suggested Beijing might be heading towards a rough patch.

The two sides have gone back and forth on tariffs on more than $360 billion in two-way trade, leaving manufacturers in China and farmers in the United States reeling as a result. And while progress is being made in the trade war, up until now, no date has been set to unite President Donald Trump and Xi Jinping for a final solution.

By Michael Kern for Safehaven.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment