国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

UBS raises China 2018 GDP growth forecast

Source: Xinhua| 2018-02-02 18:34:27|Editor: Jiaxin
Video PlayerClose

BEIJING, Feb. 2 (Xinhua) -- Swiss bank UBS has upgraded its forecast on China's 2018 gross domestic product (GDP) growth, citing stronger momentum of the global economy and growth in China's exports.

The bank revised up its China GDP growth outlook to 6.6 percent for 2018 and to 6.4 percent for 2019 from their previous 6.4 and 6.3 percent, respectively, said a UBS research note Thursday.

"We now see China's exports growing faster than previously anticipated," said UBS economist Wang Tao in the note.

In 2017, China's exports increased 10.8 percent to reach 15.33 trillion yuan (2.44 trillion U.S. dollars), while foreign trade volume rose 14.2 percent year on year to 27.79 trillion yuan, data from the General Administration of Customs showed.

Wang expects investments in infrastructure and property sectors to moderate in 2018, as the government has tightened controls over local debt and credit, adding to weaker sales in the property market.

She said that consumption growth should remain resilient in 2018, citing solid income growth supported by robust performance in exports and the service sector.

Noting a likely rise in trade frictions between China and the United States, Wang said the UBS does not expect a large-scale trade war.

"In fact, we think that a stronger global recovery... should help drive this year's Chinese export growth beyond our earlier forecast, more than offsetting any negative impact from trade frictions," it said.

The overall impact on China's total exports or GDP growth will be "very small," and the Chinese currency, the renminbi or the yuan, will not be used as a tool to respond to U.S, trade measures, the report added.

UBS followed the International Monetary Fund in raising the outlook for China's economy growth, which raised its forecast for China's 2018 GDP growth to 6.6 percent in January, up from the 6.5-percent prediction made in October 2017.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369449771
主站蜘蛛池模板: 中山市| 南召县| 舞钢市| 鄢陵县| 江都市| 竹山县| 淄博市| 资中县| 武义县| 微博| 广安市| 明水县| 威远县| 台东市| 平顺县| 尼木县| 宽甸| 吉林市| 芦溪县| 龙口市| 常宁市| 光山县| 定陶县| 宾川县| 花莲市| 大关县| 深水埗区| 志丹县| 科技| 江城| 天柱县| 合川市| 青神县| 曲阜市| 贵溪市| 绿春县| 黄平县| 和顺县| 宁阳县| 定安县| 福鼎市|