Home / Knowledge / News / Textiles / 'Chinese economic outlook brighter for 2016'
'Chinese economic outlook brighter for 2016'
23
Dec '15
Despite slowing economic growth, China's central bank – the People's Bank of China – has said in a research report that a number of positive factors will gain traction in 2016. But it has also warned that downward pressures on growth such as over capacity profit deceleration and rising non-profit loans will persist, a leading Chinese news website reported quoting the PBC research paper.

Ma Jun, chief economist at the central bank's research bureau, said a baseline forecast for real GDP growth in 2016 is 6.8 per cent, slightly lower than the expectation of 6.9 percent forthis year. For next year, the baseline CPI inflation forecast is 1.7 per cent, he said.

Real estate investment will see a slow rebound, he added.

Sales of China's commercial residential buildings increased by an average 22.4 per cent year-on-year from April to November, much higher than a minus 7.8 per cent year-on-year in the previous 15 months.

Growth in land transfer fees of 300 major cities picked up in the past several months. The recovery of the two indices is expected to restore investors' confidence . However there will be a time delay given the high inventory and weak demand in some small to medium cities, so investment is expected to pick up in the second half of 2016, Ma said.

Macro and structural policies are expected to show delayed impacts. The People's Bank of China has lowered interest rates and the reserve requirement ratio five times since thebeginning of 2015, which has greatly reduced financing costs.

According to Ma, along with the proactive fiscal measures adopted by the government, the policy adjustments are expected to have a measurable impact on CPI over a period of about five quarters. CPIfaces upward risks includingrebounds in oil, and food and real estate prices, while the downward risks include lingering low oil prices and falling commodity prices, led by a stronger dollar.

Services and green industries will be the new drivers. Emerging industries such as culture, entertainment, tourism, housekeeping services, environmental protection treatment, cleanenergy, electric cars, e-commerce and intelligent manufacturing have gradually become newdrivers for the economy.

Demand for housekeeping services will continue to grow thanks to the new "two-child policy" and an aging population. More stringent environmental standards and enforcement willsupport green investment and bolster the development of new energy, energy efficiency and environmental protection, the report said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Accord, Alliance to leave Bangladesh in 2018

Apparel/Garments | On 24th Oct 2017

Accord, Alliance to leave Bangladesh in 2018

Accord and Alliance, the two western buyers' platforms working to...

Gujarat govt announces bonus for cotton farmers

Textiles | On 24th Oct 2017

Gujarat govt announces bonus for cotton farmers

The Gujarat government has announced a bonus of Rs 100 per 20 kg for...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search