China Economic Indicators
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China economic indicators present a useful method of assessing this South-East Asian country’s economy. Various factors like gross domestic product, exports and imports, government expenditure, employment and unemployment, form an inclusive part of economic indicators. From a study of Chinese economic indicators, its current and future economic conditions can be assessed.
China’s economic slowdown
In late November 2008, Zhang Ping, minister of National Development and Reform Commission, announced a breakdown for Chinese national government’s 4 trillion yuan stimulus package. A slowdown in Chinese economy is a near-certainty, but Zhang stopped short of citing economic indicators that reveal a potential downturn for his nation’s economy. However, experts claim that a look at China’s economic indicators such as gross domestic product, capital investments, exports, and consumer price index, present a near-clear picture of an expected slowdown in China’s remarkable economic growth.
China GDP
Between July-September 2008, China’s gross domestic product growth came down to 9 percent. In second quarter of 2008, China’s GDP had registered a growth of 9.9 percent. Many analysts predict a grim scenario for China’s gross domestic product performance in last quarter of 2008, claiming that it could be as low as 6 percent.
China exports
Exports form another one of China economic indicators that could be used to analyze condition of this nation’s economy. Businesses, which are heavily into exports, are finding it difficult to grow. Problems plaguing these organizations include reduced production or a complete halt of it. Chinese workers are now finding themselves unemployed due to factory shutdowns.
Chinese government measures
Chinese government has expressed its will to implement ‘strong and effective’ measures in order to cope with a slowdown in economy. Fiscal and monetary measures are likely to be adopted to counter impact of global economic crisis. Massive cuts in savings and loan rates have already been undertaken to stimulate domestic demand. Fuel tax and high gasoline prices are also two factors that Chinese national government is looking into, due to strong concerns raised by car-owners in China.
