Analysts at Standard Chartered believe that China’s Q4 2021 GDP is likely to have expanded to 3.6%.

Key quotes

“Growth may have accelerated sequentially in Q4, despite expected fall in y/y growth due to a high base.”

“We expect GDP growth to have slowed further to 3.6% y/y in Q4 from 4.9% in Q3 due to a high base.” 

“Exports likely remained resilient; retail sales growth may have edged up on NEV sales boost.”

“CPI inflation may have moderated on falling vegetable prices; PPI inflation likely eased further.”

“Money and TSF growth likely accelerated, benefiting from the RRR cut and government bond issuance.”