The slowdown in growth in 2015 was mainly due to a contraction in investment and business inventories. Sluggish global trade and volatility in PRC markets also dampened growth. Low business sentiment—particularly retailing and trade—combined with weak tourism and global trade could contribute to weaker growth this year.
Spillovers from the PRC growth moderation could hurt employment and business opportunities. Its currency board system means US interest rate hikes could deepen the residential property correction and increase debt servicing.
Source: Asian Development Outlook 2016, ADB.
| Latest | Month-Ago | Year-Ago | |
|---|---|---|---|
| Composite Stock Price Index 1 | 23.0 (Feb17) | 22.0 | 19.0 |
| Broad Money Growth 2 | 10.1 (Mar17) | 10.1 | 9.8 |
| Headline Inflation Rate 3 | 2.1 (Apr17) | 0.5 | 2.7 |
| Industrial/ Manufacturing Production Growth Rate 3 | -1.0 (Dec16) | -1.4 | 0.0 |
| Merchandise Export Growth 3 | 6.8 (Apr17) | 6.8 | 16.8 |
| Exchange Rate Index 4 | 100.4 (May17) | 100.3 | 100.1 |
| 1 Monthly average, local index. 2 %. 3 y-o-y, %. 4 Monthly average, January 2006 = 100, $/local currency. | |||
| Source: Bloomberg LP; CEIC database; Census and Statistics Department. | |||
