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
Ethereum Price Drops Back: Another Test for Support LevelsEthereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The
Author  NewsBTC
Jan 08, Wed
Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The
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
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Sui Price Forecast: SUI bulls aim for 15% gains as open interest and bullish bets increase among tradersSui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
Author  FXStreet
May 08, Thu
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
goTop
quote