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. 
April data suggest slowing momentum
  • Authors:

    Yuan Gao

  • Publication Date:
    June 2018

April's China data suggested slowing growth momentum in domestic demand. Growth dropped notably in fixed asset investment and in retail sales.

The data are a counterpoint to the hype that resulted from strong Q1 GDP data. The slowdown in FAI growth has long been anticipated, but the deceleration in retail sales in April may indicate that the impact of rising household debt on consumption growth could be more pronounced than we thought. Externally, while there appears to lull in US-China trade relations (in action, not in talk), the next phase of negotiations could still be volatile. Given these mounting pressures, particularly on domestic demand growth, there is a rising probability that we may see some modest monetary easing measures in China later this year (i.e., efforts to bring down the effective lending rate).


OTHER RELATED CONTENT

RESEARCH & INSIGHTS

WEBCASTS

Economy Watch

Economy Watch

September 15, 2021

Labor Markets Watch

Labor Markets Watch

September 22, 2021

Economy Watch

Economy Watch

October 13, 2021

CONFERENCES & EVENTS

COUNCILS

BLOGS

PRESS RELEASES & IN THE NEWS

Support Our Work

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

Donate