China's Key Economic Indicators In May To Show Further Recovery: Analysts
Faizan Hashmi Published June 15, 2021 | 12:38 PM
China's major economic indicators including consumption and investment are expected to show resilient growth in May, according to market analysts
BEIJING, (UrduPoint / Pakistan Point News - 15th Jun, 2021 ) :China's major economic indicators including consumption and investment are expected to show resilient growth in May, according to market analysts.
The country's consumption will further pick up in May, led by a spending boom during the five-day May Day holiday, said Li Chao, chief economist with Zheshang Securities.
Li expects the consumption growth rate in May to be 12.9 percent year on year, with further recovery in the future.
Investments are also expected to maintain fast growth momentum with data pointing to price hikes of raw materials needed for infrastructure projects.
Lian Ping, chief economist at Zhixin Investment Research Institute, said that he expects the country's fixed-asset investment in the first five months to grow at around 18 percent year on year, slightly slower than the growth rate in the first four months due to higher comparison base last May.
The National Bureau of Statistics will release key economic data including retail sales, fixed-asset investment and industrial output on Wednesday.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
7 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
7 hours ago -
BISP embraces E-procurement: launches inaugural tender
10 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
10 hours ago -
China auto sector steps up Europe push with Spain plant
10 hours ago -
Condolence reference held in memory of FBR's officials
11 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
11 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
11 hours ago -
PSX turns bullish, gains 619 points
12 hours ago -
Rupee bounces back; gains 13 paisa against dollar
11 hours ago -
Partners join hands for alternate use of marble, granite slury
11 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
14 hours ago