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China's GDP figures suggest further liquidity easing

  • Published 17 Jan 2012

China's 4Q11 GDP growth rate of 8.9%, down from 9.1% in 3Q11, shows a slowing economy that is more resilient than many have expected. However, we think that clear signs of a slowdown in fixed asset investment is likely to spur progressive liquidity easing in 1H12.

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