China set to post sluggish growth as doldrums deepen
- Asia-Pacific markets are expected to open lower as investors await economic data from China, including industrial output and retail sales for December, and fourth-quarter GDP numbers.
- China's fourth-quarter GDP growth is estimated at 5% year on year, up from 4.6% in the previous quarter, according to Reuters.
- Despite measures to boost the economy, China has not achieved a rebound from the pandemic, with domestic spending still struggling, leading to warnings about the need for more fiscal support.
- Analysts indicate that China is facing a confidence crisis, as families and firms lack the confidence to borrow, which hinders economic recovery, according to Harry Murphy Cruise from Moody's Analytics.
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Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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