13 April 2012 06:40 [Source: ICIS news]
(recasts lead, adds details throughout)
On a year-on-year basis, the country’s export growth fell to 8.9% in March, compared with the 18.4% increase in the previous month.
Despite the slowdown, analysts said
“Though headline export growth will continue to moderate – compared with last year’s annualised 20.6% – the strength of
The country’s industrial output grew by 11.6% year on year in the three months to March, with total retail sales for the period up by 10.9% year on year, the National Bureau of Statistics (NBS) said.
The country recorded a 3.6% year-on-year rise in its consumer price index (CPI) and a 0.3% decline in its producer price index (PPI) in March.
“The country should concentrate on [its] macro policy and monetary policy and help to build investors’ confidence,” Ding added.
Citigroup economist Shen Minggao said: “
“It may take some time for the market to accept that
“It is likely that from now on, [China’s] macroeconomic policy will be geared towards resolving structural imbalances as opposed to generating short-term growth catalysts – unless the global economy collapses, of course,” it added.
($1 = €0.76)
With additional reporting by Rachel Yang
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