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China Could Grow 8 Percent This Year

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China bears could be in for a big letdown this year, if the latest growth upgrades for the world’s second-largest economy are anything to go by.

Deutsche Bank on Tuesday raised its third-quarter gross domestic product (GDP) growth forecast to 7.9 percent on year from 7.7 percent, and its fourth-quarter forecast to 8.0 percent from 7.8 percent.

Growth of 8 percent would be the fastest pace since the first quarter of 2012, when the economy expanded 8.1 percent. Growth at such levels would ensure the government achieves its 2013 growth target of 7.5 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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