中國經濟增速優于預期

得益于工業的反彈、房地產市場的恢復和出口的強勁增長，中國第四季度的經濟增速優于去年的預測。

上周四發布的官方數據顯示，2017年10月至12月的經濟同比去年增長6.8%，與第三季度持平，高于分析師預測的6.7%。2017年全年的經濟增長率為6.9%，這也是2010年以來的首次經濟提速。

中國決策者一直試圖在不影響經濟增長的情況下控制金融風險，減緩債務爆炸性增長。

這個全球第二大經濟體輕松突破了政府制定的2017年約6.5%的增長目標，也超越了2016年6.7%的26年來新低。

ING香港辦事處的大中華區經濟學家艾麗斯·龐表示：“中國的增長非常健康。”

“我們在2017年擔憂的風險，例如削減過剩產能給GDP帶來的負面影響，并未出現，因為新的行業挺身而出推動了生產總值的增長。”國家統計局表示，第四季度的GDP環比增長1.6%，而7月至9月的環比增長為1.8%。

今年的增長是在政府進一步限制風險投資和高杠桿率，同時著力解決污染問題的情況下實現的。

盡管整體增長強勁，但經濟增長勢頭放緩的跡象依然存在，公司面臨著更高的借貸成本，政府也試圖控制信貸。

主要依托于政府引導的固定資產投資在2017年的增速為7.2%，是1999年以來的最低值。中國的進出口增速在11月迎來飆升后，12月也有所回落，這進一步表明經濟增長的勢頭開始消退。

與此同時，隨著政府持續控制金融系統風險，中國的銀行放款在12月減少了一半，但在審核更嚴格的情況下，銀行仍然設法實現了年度放款量的新高。(財富中文網)

譯者：嚴匡正?

China’s economy grew faster than expected in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.

Official data on Thursday showed growth in the October to December period from a year earlier was 6.8%, unchanged from the third quarter and above analyst expectations for 6.7% growth. Growth for the 2017 full year picked up to 6.9% year-on-year, the first annual acceleration for the economy since 2010.

Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.

The world’s second-largest economy easily beat the government’s target of around 6.5% for 2017 and quickened from 2016 growth of 6.7%, which was the weakest pace in 26 years.

“China‘s growth is very healthy,” said Iris Pang, Greater China Economist, ING, Hong Kong.

“The risks that we worried about in 2017, for example overcapacity cuts having a negative impact on GDP, did not happen because new sectors are actually coming out to help production to grow.” GDP in the fourth quarter grew 1.6 percent quarter-on-quarter, compared with revised growth of 1.8 percent in July-September, the National Bureau of Statistics said.

The annual pickup in growth comes as the government steps up its crackdown on risky investment and high leverage ratios as well as its fight against pollution.

Despite strong overall growth, there have been signs of weakening momentum in the economy as firms face higher borrowing costs and the government tries to rein in credit.

Growth of fixed asset investment, much of it government-directed, fell to the slowest pace since 1999 at 7.2% last year. China‘s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum.

Meanwhile, China‘s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny.