Naperville, IL -- (SBWIRE) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of China Freight Transport Report Q3 2014 market report to its offering
BMI maintains its cautious outlook for China's freight transport volumes for Q3 2014. We
continue to believe that the hangover effects of China's economic stimulus are yet to be felt, and cooling
credit growth is likely to reveal these effects over the coming quarters. Newfound reform momentum has
the potential to help the economy grow out from under its credit excesses, however, several obstacles stand
in the way of this, including the likelihood that reform efforts could exacerbate any economic downturn. We
are forecasting real GDP growth to come in at 7.1% in 2014, before slowing further to average 6.1% growth
over the next five years.
The outlook for China's traditional economic growth drivers, such as heavy industry and real estate
construction, remains cloudy, and this will put downside pressure on freight volumes. The outlook facing
the more consumer-focussed industries is relatively strong over the medium term and this should boost air
freight volumes in particular, as demand for small electronic goods continues. Overall, though, as the
traditional sectors remain the dominant drivers of the economy, we remain below consensus in our real
GDP growth outlook.
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