State of the economy in 2013
Updated: 2013-01-04 09:50
(China Daily)
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Gary Rieschel
Founder, Qiming Venture Partners
GDP growth: 7 percent
Inflation: 4 percent
Outlook:
Focus should be less on the rate of GDP growth and more on the value of business opportunities.
US economy could move into recession again, if first quarter growth is flat.
Shanghai Composite Index could hit 3000.
Steve Brice
Chief investment strategist, Standard Chartered Bank
GDP growth: 7.7 to 7.8 percent
Inflation: 4 to 5 percent
Outlook:
Chinese stock market is undervalued and could see rapid gains.
Europe could see growth in the second half.
Chinese residential property market could see robust growth.
Goolam Ballim
Group chief economist, Standard Bank
GDP growth: 7.5 percent
Inflation: 4 percent
Outlook:
No end to financial crisis until the end of the decade when the new normal will be a shift of economic power to the East as well as Africa.
China is now front and center for Africa's economic fortunes.
Global growth needs to become stable, even if weak, before recovery can begin.
George Magnus
Senior economic adviser, UBS
GDP growth: 7.5 to 8 percent
Inflation: 4 percent
Outlook:
China still risks investment bust and lower growth in the medium term because of difficulties in weaning itself on an infrastructure-led growth model.
Western economies can expect Japan-like long-term levels of growth and near-zero interest rates set to remain.
China has endemic inflation problem with wages rising faster than money.
Junheng Li
Founder, J.L. Warren Capital
GDP growth: 6 to 7 percent
Inflation: below 2 percent
Outlook:
Further bleak news for Shanghai Composite Index, which will be flat in 2013 and could see dramatic falls in 2014.
Healthcare and education stocks could be strong sectors for investment.
China GDP could fall below 7 percent but the government should avoid fiscal stimulus.
Miranda Carr
Head of China research, NSBO
GDP growth: 7.5 to 8 percent
Inflation: 3 percent
Outlook:
China growth should improve on weak 2012 GDP figures.
Real estate already showing signs of a rebound from April 2012 low.
A lot of domestic demand will still be driven by urbanization.
Mark Williams
Chief Asia economist, Capital Economics
GDP growth: 8 percent
Inflation: 3 percent
Outlook:
China growth will revive in 2013 but won't last unless there is further fiscal stimulus.
Eurozone area will contract by 2.5 percent and show signs of cracking apart. Options for kicking the can down the road running out.
US will gradually pull itself out of the mire during 2013.
China Daily
(China Daily 01/04/2013 page1)
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