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Chinese economic growth will be more relying on investments

The Chinese economic statistics for the month of October have been partially released, and the statistics show that the economy demonstrates the feature of stabilization. Based on field research, Anbound research team concludes that if everything goes well, the economy in the fourth quarter could be better than what have been expected, with annual growth likely to exceed 6.7% and reach 6.8% or even higher, yet there are still several challenges. The investment growth has accelerated while private investment has rebounded slightly; at the same time industrial added value growth is lower than expected, the total growth rate of social retail sales fell slightly to less than what had been expected. These signs show that this year’s economic growth is increasingly relying on investments, while the macro-policies should show greater effects under lesser policy leeway.

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