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15 May 2015
China's fiscal data hints growth rebound in H2 - China
FXStreet (Bali) - Zhiwei Zhang, Ph.D, Chief Economist at Deutsche Bank HK, notes that China's fiscal data in April suggests growth may rebound slightly in H2.
Key Quotes
"The Ministry of Finance released data on fiscal revenue and expenditure in April. Revenue growth remained weak but expenditure growth picked up significantly."
"We take this as the first sign of fiscal policy stance turning from contractionary into expansionary. We have been concerned about the lack of fiscal policy easing."
"The fiscal data in April makes us feel more comfortable with our view that growth may rebound slightly in H2."
Key Quotes
"The Ministry of Finance released data on fiscal revenue and expenditure in April. Revenue growth remained weak but expenditure growth picked up significantly."
"We take this as the first sign of fiscal policy stance turning from contractionary into expansionary. We have been concerned about the lack of fiscal policy easing."
"The fiscal data in April makes us feel more comfortable with our view that growth may rebound slightly in H2."