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DBS sees China GDP growth slowing to 4.8% in Q2

DBS flags a drag from declining property prices and weaker fixed asset investment, even as industrial production and exports tied to AI electronics stay resilient.

Reported · Written up by our desk · Central Banks

DBS economists Radhika Rao and Mo Ji expect China’s GDP growth to cool from 5.0% year on year in Q1 to 4.8% in Q2, according to FXStreet.

They cite resilience in industrial production and strong export growth linked to AI-related electronics, but point to weak retail sales, subdued household sentiment, and a continued drag from falling property prices.

The economists also highlight continued pressure from declining fixed asset investment, indicating that domestic demand and investment momentum are likely to remain uneven heading into Q2.

FXStreet notes the backdrop for markets includes attention on upcoming China data and uncertainty around other geopolitical developments this week.

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