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Optimistic outlook for Q4 and beyond

(China Daily)

13:31, October 19, 2012

Editor's note: Economic experts suggest that although some caution remains, the overriding message is one of optimism, and the current stability will continue into the strong fourth quarter and economic momentum into 2013.

Dariusz Kowalczyk, senior economist and strategist at Credit Agricole CIB

This makes the third quarter the second straight quarter of accelerated growth momentum. In addition, the last month of the quarter brought an acceleration of industrial output, retail sales and fixed-asset investment in year-on-year terms, highlighting the fact that the improvement of economic momentum was particularly strong in September. Clearly, concerns over continued slowdown can now be put to rest.

The data is mostly above consensus and confirms that growth is picking up and that China is not at risk of a hard landing."

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