The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Center Data Flash: Despite the 2014 GDP print, weakness prevails in Q4

Data Flash is a brief interpretive summary of China’s official monthly economic data release.

In January, the NBS announced that China’s Q4 GDP growth came in at 7.3 percent, unchanged from Q3, and leading to full-year growth of 7.4 percent for 2014. For reasons we explained in last week’s weekly note, we are highly skeptical of this topline print. However, within the batch of recent economic data, we do see some important trends.

Growth remains on a downward trajectory and looks set to disappoint in Q1--dropping below 7 percent. Current capital outflows and a soft economy are a recipe for a weakening currency in the first quarter, and stepped-up monetary support will likely be forthcoming by March. For MNCs, deteriorating topline growth does not necessarily spell disaster for the bottom line. As many of our members have reported, gains in operational efficiency and human capital development are already helping to defend profitably in a low-growth environment for many MNCs.

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.





Economy Watch

Economy Watch

August 12, 2020

Economy Watch

Economy Watch

September 09, 2020

Economy Watch

Economy Watch

December 09, 2020