Bloomberg News

Nomura Cuts China 2012 Growth Estimate to 7.9% From 8.6%

December 06, 2011

Dec. 6 (Bloomberg) -- Nomura Holdings Inc. cut its estimate for China’s economic growth next year to 7.9 percent from 8.6 percent as investment in private housing slows at a faster pace and exports moderate as external demand weakens.

The pace of expansion could drop to 7.5 percent in the first quarter before recovering to 8.4 percent in the fourth quarter as economic policies are loosened and investment in public housing picks up, economists led by Zhang Zhiwei said in an e-mailed report today.

Monetary policy will be loosened gradually and moderately in 2012, Zhang said.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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