HONG KONG - Notwithstanding a number of growth headwinds, including tightening measures in the property market and accelerated capital outflows accompanied by faster-than-expected currency depreciation, China’s ongoing economic recovery appears to be more resilient than previously anticipated, says BBVA Research.
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SINGAPORE – China’s headline Q4 GDP grew stronger than expected, signalling a price recovery cycle, according to ANZ Bank. The number came in at 6.8% y/y, or 1.7% q/q on a seasonally adjusted basis.
HONG KONG - While the outcome is uncertain, it is clear that incoming President Trump’s attempts to shake up current bilateral relations between China and the U.S. will be a key theme for 2017 globally, says global asset manager Natixis.
SHANGHAI - China's wealthiest people have been busier earning big money, and more content to spend up big in 2016, according to the Hurun Report's latest findings. The report is based on a four-month survey of about 450 millionaires on the Chinese mainland, defined as those with a personal wealth of more than RMB10 million yuan (USS 1.46 million).