The Eurozone crisis will also slow down the China. He supports it Barclay's, which last night has cut growth estimates on Beijing's GDP for 2012 from +8,4 to 8,1%. According to the British institute, the Asian giant will begin the slowdown as early as the fourth quarter of this year, which will close with a GDP growth of 8,3%, a sharp drop compared to the +9,1% recorded in the third quarter of 2011. The value will drop again to +7,8% at the beginning of the new year.
Il decline in investment it will be the first factor in the slowdown of the economy, but consumption will continue to represent a "stabilizing factor". Furthermore, consumer prices will drop by up to 3,2%, compared to the 5,5% estimated for this year. Finally, analysts anticipate that the Central Bank of China will cut banks' reserve requirements at least 4 times before the end of 2012.
Il However, the Chinese government does not agree with Barclay's analysis. According to the National Development and Reform Commission, the country's economy will grow by around 2012% in 8,7, while inflation should settle at around 4%.
Analysts also remain confident Standard & Poor's, that have confirmed the Chinese credit rating at the “AA-“ level, with stable outlook. But that's not enough. The US agency added that the Asian giant could also receive an upgrade if it reformed its debt on the capital market and granted more flexibility to its exchange rate.
The Chinese rating agency was also on Monday Dagong Global Credit Rating had confirmed Triple A, with a stable outlook.
