A batch of Chinese economic data due for release on Friday, including fourth-quarter GDP figures, will be closely scrutinised for clues as to whether recent hopes of a growth acceleration in 2013 have been justified.
Stephen King, chief economist at HSBC, is optimistic. “China’s biggest problem last year was weaker-than-expected exports,” he says.
“Like other nations, China is exposed to the ups and downs of the global economic cycle. For the coming year, however, it seems likely that China will reaccelerate, thanks to a further burst of infrastructure spending.
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