Contact
QR code for the current URL

Press release Box-ID: 795692

ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim L 7 68161 Mannheim, Germany http://www.zew.de
Contact Mr Gunter Grittmann +49 621 1235132
Company logo of ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim

Economic Expectations for China Characterised by Cautious Optimism

China Economic Panel (CEP) of ZEW and Fudan University, Shanghai

(PresseBox) (Mannheim, )
Expectations regarding the development of the Chinese economy have slightly improved in the current survey period (19/04/2016 - 03/05/2016). Rising to a level of 9.4 points, the CEP Indicator, which reflects the expectations of international financial market experts regarding China's macroeconomic development over the coming twelve months, has exceeded its long-term average of 6.2 points for the first time in many months.

However, the point forecasts for the Chinese GDP have remained unaffected by the fluctuations displayed by the CEP Indicator in the past few months, and now stand at 6.6 per cent for the current year and at 6.5 per cent for 2017.

It seems therefore that private consumption remains the central pillar of the Chinese economy. The moment the expectations of the experts materialise and employment increases, the income of households will continue to rise and private spending will go up. In total, the results of the survey show that the survey participants expect the economy to stabilise at a moderate level.

Despite the hint of optimism regarding the further economic development, the experts only show little confidence in Chinese stock markets in their twelvemonth forecasts. On average, share indexes are expected to see a decline in prices. This holds particularly true for the Hang Seng Index and the Growth Enterprise Market Index.

Given the slightly improved economic outlook, the experts also expect an appreciation of the Yuan against the USD, associated with a lower outflow of foreign currency deposits.

ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim

The Mannheim Centre for European Economic Research (ZEW)

ZEW works in the field of frontier empirical research in economics. The institute especially distinguished itself by working on internationally comparative studies in the context of Europe and by creating important scientific data bases, e.g. the Mannheim Innovation Panel (MIP) and the ZEW Start-up Panel. ZEW's key objectives are to conduct excellent economic research, provide science-based economic policy advice and transfer knowledge. ZEW was founded in 1991. ZEW currently has a staff of approximately 190 employees, two thirds of whom are researchers.

Research at ZEW:

Labour Markets, Human Resources and Social Policy; Industrial Economics and International Management; Information and Communication Technologies; International Finance and Financial Management; Environmental and Resource Economics, Environmental Management; Corporate Taxation and Public Finance; International Distribution and Redistribution; Competition and Regulation

www.zew.de / www.zew.eu

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.