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Helen Qiao, chief economist of Greater China of Morgan Stanley, said that so far statistics showed that the Chinese economy is in a mild recovery.
“For the first half of the year, we are expecting twilight… but going through the second half, we are expecting better growth under very supportive monetary policy easing,” she said.
Qiao expressed her surprise on the first quarter GDP growth of 2013.
“In sequential terms, it was actually very low. According to the National Bureau of Statistics, the number was actually as low as 6.4 pe rcent in quarter on quarter seasonally adjusted. That was 2.4 per cent lower than the fourth quarter in 2012,” Qiao said.
Qiao noted that April will be a very crucial month to be observed to look at how strong the growth recovery has become.
“Especially we are expecting more policy stimulus coming from the urbanization initiatives at the end of the year,” said Qiao.
However, Qiao still perceived that the achievement of the target is not impossible.
“To sum up, we are keeping our real GDP growth forecast of 8.2 per cent this year, but not without risk.”