Economics
China Ends Year of Stabilization on High as Consumers Spend
- Retail sales rise 10.9 percent in December from year earlier
- Headwinds loom as Trump Presidency may fuel risk to exports
JPMorgan's Zhu: China's Growth Momentum Is Still Stable
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China’s economy accelerated for the first time in two years in the final quarter of 2016, cementing an economic stabilization that’s giving leaders a buffer as they transition to neutral policy and prepare for potential trade tensions with Donald Trump.
Gross domestic product increased 6.8 percent in the three months through December from a year earlier, compared with a 6.7 percent median estimate in a Bloomberg survey. The full-year expansion of 6.7 percent was the slowest since 1990, but still landed right in the middle of the 6.5 percent to 7 percent official target.