China Q1 GDP growth seen cooling to 6.3% - Reuters poll

According to the latest Reuters poll of analysts, the Chinese economic growth is seen cooling-of the slowest pace in nearly three decades in the first quarter of this year amid a flurry of Chinese stimulus measures.

Key Findings:

“Analysts polled by Reuters expect China to report gross domestic product (GDP) grew 6.3 percent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record.

That would mark a further loss of momentum from the previous quarter’s 6.4 percent, but policymakers and investors are more likely to focus on any signs of a turnaround in March activity data, which will be released at the same time on Wednesday.

On a sequential basis, economists estimated GDP grew 1.4 percent in the first quarter, easing from 1.5 percent in the fourth quarter.

Industrial output is expected to have increased 5.9 percent from a year earlier, quickening from 5.3 percent in the first two months, which was the weakest pace in 17 years.

Retail sales are seen growing 8.4 percent, better than the 8.2 percent in the first two months.

Fixed-asset investment is expected to grow 6.3 percent in the first quarter on-year from 6.1 percent in the first two months of the year.”

Also Read: China's 2019 growth to slow to 6.2% despite policy support - Reuters poll