China to see moderate recovery in 2013 (3)

Though the restriction was still in the place, yet the market sentiment has been improving since this spring, Wang observed. Sales in the property, especially in residential, improved since April or May this year. "We consider the property sector the most important sector in the Chinese economy. The recovery in the property market laid the ground for the overall recovery in China. "

The third reason for the recovery is the end of the de-stocking. There were many reports of excessive capacity and the buildup of inventory in many sectors earlier this year. But as some sectors began to recover, the de-stocking momentum has faded and the de- stocking will probably end next year, she said.

Wang also said the improvement of Chinese export in the last two or three months is unlikely to continue given the uncertainties remaining in the Euro-zone and in the U.S. regarding the fiscal cliff.

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