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Economists expect soft 2015 start for Chinese economy
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CHINA'S economic data for February may confirm a soft start for 2015 with real activity stumbling, trade remaining soft and inflating staying low, economists said before the data are to be released next week.
The downward pressure could prompt the government to lower this year‘s growth target to around 7 percent during the annual session of the National People's Congress, which opens on Thursday. The government could also switch to an easing bias for both monetary and fiscal policies.
"We expect the upcoming data will show real activity stagnated during the first two months," said Wang Tao, an economist with UBS. "Together with the mounting deflationary pressure, policy easing has been hastened."
Wang predicted the Consumer Price Index, the main gauge of inflation, increased 0.9 percent from a year earlier in February, up from the pace of 0.8 percent in January due to the influence of the Spring Festival holiday.
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