July activity indicators and credit data suggest that the ongoing recovery hasn’t gained a strong foothold yet
Published on Wednesday, August 13, 2014 | Updated on Wednesday, August 13, 2014
July activity indicators and credit data suggest that the ongoing recovery hasn’t gained a strong foothold yet
Summary
China's economic activity moderated in July due to softened domestic demand and credit growth surprised to the downside substantially. We expect the authorities will continue the stimulus policies to maintain economic growth in the second half of 2014.
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Le Xia
BBVA Research - Chief Economist
Jinyue Dong
BBVA Research - Senior Economist
Documents and files
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