China Financial Daily

Experts predict that the domestic economy is likely to slow the pace of recovery
The main macro-May data will be June 10-12 in the published one after another. Yesterday, Societe Generale Bank (601,166) political commissar, chief economist Lu told reporters that the overall data in May will show “sluggish growth, prices bottomed” posture, the “stagflation” or to highlight the concerns. Standard Chartered Bank provided the latest report also shows that the domestic economy is slowing down the pace of recovery, and the current round of economic recovery is likely to force U-positive, and may be consolidation at the bottom for some time.

It is predicted that in May the official manufacturing PMI dropped to 50.5-51.5 possible. Industrial added value growth rate is expected to drop to 6.5% -7.5%, 7.0% in value, fell 0.3 percentage points from the previous month. A major concern and the price index will be steady.

A day the first quarter of the relative amount of credit, new credit balance in May will be dropped: May new credit is expected to continue to decline -4500 to 250 billion yuan, 350 billion yuan in value. However, from a historical point of view, the overall is still a considerable amount of credit to ensure that if this amount into the real economy will be able to make the market for economic growth remained relatively optimistic about the prospects.

Expansion of the market that is still no match consumer policies and the impact of declining exports, the road to pick up will be full of twists and turns.

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