17 Apr 2019
Chinese economy in 1Q19 expanded 6.4 percent YoY compared to 6.6 percent growth in 2018, while exports increased only 1.0 percent YoY versus 9.9 percent in 2018. Nonetheless, the government’s stimulus policy has begun to bear fruit to support the growth momentum of the Chinese economy. The Chinese government has given an approval to 16 infrastructure projects since December 2018 with a combined investment of CNY1 trillion (USD160 billion), pushing the fixed asset investment in 1Q19 to accelerate 6.3 percent YoY versus 5.9 percent YoY in 2018. Additionally, the domestic consumption begins to recover, thanks to the government’s economic stimulus measures. China’s retail sector surged at the highest rate in six months at 8.7 percent YoY.
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