{"id":188960,"date":"2023-04-19T11:45:00","date_gmt":"2023-04-19T15:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=188960"},"modified":"2023-04-19T11:34:26","modified_gmt":"2023-04-19T15:34:26","slug":"chinas-growth-spurt","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chinas-growth-spurt\/","title":{"rendered":"China\u2019s Growth Spurt"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Fresh data out on Tuesday&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/04\/18\/china-economy-q1-gdp-2023.html\">showed<\/a>&nbsp;China\u2019s economy grew faster than expected last quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>Last week\u2019s export data&nbsp;<a href=\"https:\/\/go.finimize.com\/wp\/news\/chinas-onward-march\/\">hinted<\/a>&nbsp;that China\u2019s economy was on the upswing, and now Tuesday\u2019s figures have gone and confirmed those high hopes. In March, retail sales saw their biggest gain since June 2021, with a yearly jump of 10.6% \u2013 proving the long sought-after bounceback of the domestic economy has begun. Manufacturing investment flexed its muscles too, with a solid 7% rise during the quarter, while factory output revved up as the world\u2019s factory got back in action. And sure, the recovery\u2019s uneven \u2013 with private investment and some property market segments still lacking \u2013 but the overall result was impressive: China\u2019s economy grew 4.5%, outstripping the 4% economists predicted and hitting its fastest pace in a year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>Strength in numbers.<\/em><\/p>\n\n\n\n<p>&nbsp;China\u2019s got some way to go to meet its 5% annual growth target, but economists think things will pick up as consumer and business confidence continue to rise. Plus, the all-important property market is showing signs of life, with new home prices in March swelling at their fastest pace in 21 months. Toss in the prospect of additional government stimulus too, and Goldman Sachs sees 6% growth in the cards for China this year.<br><br><strong><em>For markets:&nbsp;<\/em><\/strong><em>The weight of the world.<\/em><\/p>\n\n\n\n<p>If China bounces back as energetically as Goldman predicts, it could be a lifeline for global growth, especially with developed economies faltering. And that would be party time for commodities too: when the economy\u2019s booming, the appetite for transportation and energy shoots up, giving oil and gas a boost. And more construction and infrastructure projects mean steel and copper get their time in the spotlight as well \u2013 which might explain why regional commodities markets got all fired up when the news broke.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted April 19, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fresh data out on Tuesday showed China\u2019s economy grew faster than expected last quarter.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,18,8,9,26,3],"tags":[216,11267,587],"contributors-categories":[13597],"class_list":{"0":"post-188960","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-asia","7":"category-macro","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-china","13":"tag-china-economy","14":"tag-economic-growth","15":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China\u2019s 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