RTRS Poll: China Nov data to show steady growth, but yuan, capital controls a worry

A string of key economic data from the Chinese economy is lined up for release later this week, with most analysts expecting the China data dump to show steady pace of economic expansion, although highlighting concerns over the recent declines in Yuan and impact of capital controls, the latest Reuters poll reveals.

Trade and inflation data will follow on Thursday and Friday, respectively, with fixed asset investment, retail sales, and industrial output on Dec. 13. Loan and money data is expected Dec. 10-15.

Key Finding from the survey:

“A Reuters poll of 26 analysts expects the world's largest reserves fell to $3.091 trillion in November from $3.121 trillion in October - the fifth straight month of declines.”

“Consumer price inflation is expected to quicken to 2.2 percent from 2.1 percent, according to a median forecast of 47 analysts.”

“November exports likely fell 5 percent from a year earlier, not as bad as a 7.3 percent drop in October but pointing to sluggish global demand. Imports may have dropped 1.3 percent, after falling 1.4 percent in October.”

“China's trade surplus is forecast to have been $46.30 billion in November, versus October's $49.06 billion, with growing attention on its large trade surplus with the United States.

“Industrial output is expected to rise 6.1 percent in November from a year earlier - unchanged from October.”

“Retail sales growth may have picked up slightly to 10.1 percent as many shoppers splurged on "Single's Day" on Nov. 11. “