{"id":13574,"date":"2012-07-12T05:07:08","date_gmt":"2012-07-12T05:07:08","guid":{"rendered":""},"modified":"2012-07-12T05:07:08","modified_gmt":"2012-07-12T05:07:08","slug":"Economists-believe-worst-is-over-for-China","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=13574","title":{"rendered":"Economists believe worst is over for China"},"content":{"rendered":"

Despite recent signs of a slowdown in China, some economists believe that the worst is over for the world’s number two economy.<\/strong><\/p>\n

According to economists at HSBC, fears of a hard landing for China have been overplayed.<\/strong><\/p>\n

Amid sluggish demand for exports from Western economies, growth in emerging markets such as China and Brazil lost steam in the second quarter of this year.<\/p>\n

The HSBC Emerging Markets Index fell to 53 in the second quarter of 2012 from 53.6 the previous quarter.<\/strong><\/p>\n

But with a reading of 50 or above indicating economic expansion, HSBC is taking a positive look at the numbers.<\/p>\n

All eyes are on China, with weaker trade data out this week raising fears about a prolonged economic slowdown.<\/p>\n

But HSBC said the worst is over for the world’s second largest economy.<\/strong><\/p>\n

It believes that China’s economic growth bottomed out in the second quarter, with 7.8 per cent year-on-year growth.<\/p>\n

And it expects to see a pick-up in the second half of the year, taking full-year growth to 8.4 per cent.<\/p>\n

HSBC expects China’s central bank to announce another 200 basis-point cut in the reserve requirement ratio for banks before the end of the year.<\/p>\n

As for the region as a whole, the lender is forecasting a 6.8 per cent expansion for Asia-ex Japan this year, and 7.5 per cent growth in 2013.<\/strong><\/p>\n

HSBC said the days of double-digit growth for regional economies are over, at least for the next five years. <\/p>\n

But economists said that a slower pace of growth is a good thing, as it will mean less volatility, especially for financial markets.<\/p>\n

Great news!!<\/strong><\/p>\n

Source AP<\/em>
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Despite recent signs of a slowdown in China, some economists believe that the worst is over for the world’s number<\/p>\n","protected":false},"author":1,"featured_media":70655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-13574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false,"colormag-elementor-block-extra-large-thumbnail":false,"colormag-elementor-grid-large-thumbnail":false,"colormag-elementor-grid-small-thumbnail":false,"colormag-elementor-grid-medium-large-thumbnail":false},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Despite recent signs of a slowdown in China, some economists believe that the worst is over for the world’s number","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":111,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13574"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70655"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}