China: Economic recovery continued into Jan-Feb, upside risk to 1Q25 GDP growth – UOB Group

Source Fxstreet

China’s macroeconomic data turned out brighter than expected in Jan-Feb with industrial production, retail sales and urban fixed assets investment (FAI) above Bloomberg’s consensus forecasts. However, the unemployment rate unexpectedly surged while loans data suggested weak demand persisting, UOB Group's Economist Ho Woei Chen notes. 

Broad based improvement in industrial output, retail sales and investment

"Industrial production may fade in Mar as frontloading unraveled after two rounds of US’ tariffs (10% w.e.f. 4 Feb followed by another 10% w.e.f. 4 Mar). However, there is optimism over China’s success in the high-tech sector as well as more positive view on the government’s resolve to stabilise growth at 'around 5%' this year. On Sun (16 Mar), China issued a 30-point plan to boost consumption." 

"To sustain the positive recovery momentum in Jan-Feb, stimulus will need to be stepped up to offset the impact from US’ tariffs and domestic challenges. The data in Jan-Feb suggests that China’s 1Q25 GDP growth may come close to the 5.4% y/y in 4Q24, compared to our expectation for a slowdown to 4.7% y/y and we expect the momentum to raise the full-year 2025 GDP growth to 4.7% compared to our previous forecast of 4.3%. This will be slightly below the official growth target."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
May 01, Thu
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Prediction: XRP signals breakout as spot ETF prospects brightenRipple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
Author  FXStreet
19 hours ago
Ripple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
placeholder
Gold looks set for weekly loss as news of trade talks curb haven demandGold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
Author  FXStreet
18 hours ago
Gold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
placeholder
Could XRP ETF Approval Be Near? Ripple To Meet SEC Chair Paul Atkins On May 2As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
Author  Bitcoinist
18 hours ago
As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
goTop
quote