Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Retail sales jump, factory output slows
Adjust font size:

Robust consumer spending coupled with the government's stimulus plans to propel domestic spending helped boost retail sales during April, even as the industrial output growth slowed marginally in China.

Retail sales grew 14.8 percent in April after gaining 14.7 percent a month earlier, aided by the increased spending on automobiles and furniture, the National Bureau of Statistics said Wednesday.

Taking the 1.5 percent decline in the consumer price index into account, the retail sales in real terms could have accelerated to about 17 percent in April, the strongest since late 2008, a Morgan Stanley research note said.

However, economists have warned that such robust sales might not be sustainable, as the recovery in the world's third largest economy is yet to be fully established.

Shen Minggao, chief economist with the Chinese Caijing magazine, said if the economy fails to recover, it could lead to more unemployment and less income growth, putting further pressure on consumer spending.

"Incentive-driven demand may last only as long as the government tax breaks and subsidies remain in place," Jing Ulrich, chairwoman of China Equities at JPMorgan said.

Industrial output rose 7.3 percent in April, slower than the 8.3 percent growth in March, the NBS said yesterday. Though the figures fell short of market expectations, analysts said there is till no cause for concern yet.

"The April figure is more realistic in reflecting China's real economic scenario, as the growth rate in March was exaggerated by last year's low base due to the unexpected snowstorm," Sun Mingchun, chief China economist, Nomura International said.

Analysts said the deceleration in industrial output growth was largely due to weaker overseas demand and inventory adjustments in some industries. China's exports continued to slump in April, dropping 22.6 percent, steeper than the 17.1 percent decline a month earlier, the Customs said on Tuesday.

"Companies are loath to expand production when external demand is still uncertain," said Li Jianwei, senior economist with the Development Research Center.

Despite the uncertain external picture, analysts believe China's economic recovery has gained more momentum in the past few months with manufacturing activities likely to pick up. "We anticipate higher quarter-on-quarter industrial production growth going forward, considering that China's money supply growth tends to precede increasing industrial production by two quarters," Ulrich said.

(China Daily May 14, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Retail sales up 9% during May Day holiday
- China retail sales up 14.8% in April
- China accommodations, catering retail sales up 18.9% in Q1
- China's retail sales up 15% in Q1, 2009
- Stimulus lifts China retail sales as exports weaken
May 7-8 Brussels China-EU high-level trade talks

May 17-22 Hong Kong Heilongjiang-Hong Kong Trade Cooperation Seminar
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 久久久久人妻一区精品| 国产欧美日韩另类va在线| 亚洲一区二区三区免费在线观看| 超污视频在线观看| 天天综合天天综合| 久久这里只精品| 欧美婷婷六月丁香综合色| 亚洲综合色丁香婷婷六月图片| 麻豆工作室传媒| 精品无码人妻夜人多侵犯18| 成人18网址在线观看| 亚洲成人网在线观看| 狠狠色噜噜狠狠狠狠97俺也去| 国产性生大片免费观看性| 99精品国产高清一区二区麻豆| 日本理论片理论免费| 五月天丁香久久| 男人边摸边吃奶边做下面| 国产又大又硬又粗| 97色精品视频在线观看| 成年大片免费视频| 久久久久青草大香线综合精品| 日韩电影中文字幕在线网站| 亚洲av中文无码乱人伦在线视色| 男人边摸边吃奶边做下面| 全免费a级毛片免费看| 黄色毛片免费看| 在线成年人网站| 中文在线观看永久免费| 樱花草在线社区www| 伊人久久大香线蕉观看| 1000部禁片黄的免费看| 娇妻校花欲乱往事叶子txt下载| 久久福利视频导航| 欧美日韩国产精品| 再深点灬舒服灬太大了添学长 | 日本高清中文字幕| 久久精品男人影院| 欧美日韩视频精品一区二区| 午夜福利AV无码一区二区| 麻豆国内精品欧美在线|