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Attitude of foreign investment on China's economic situation is changing

Attitude of foreign investment on China's economic situation is not so optimistic at the beginning of the year. Following the JP Morgan chase in March 18th released a research report recommends that customers to reduce China's stock, after buying the bearish derivatives of China's big four banks at the same time. Bank of America Merrill Lynch economist Lu Ting recently released the latest report, will China's 2013 annual gross domestic product (GDP) growth forecast from 8.1% down to 8%. The report also pointed out, quarter points of view, the first quarter of this year and the second quarter GDP growth is expected from 8.3% down to 7.9% and 8.1% respectively, and in the third quarter, fourth quarter GDP growth is expected to remain unchanged at 8%. Lu pointed out that China's economic growth is expected, this decline is mainly on account of China's strict regulation of real estate is still continuing, the industrial added value and other weaker than expected economic data, the new government for extravagance and waste behavior crackdown increase, environmental position increasingly strengthened and the European situation worsening trend etc.. The report says, at present the market is generally expected to China this year economic growth rate is 8.2%, but the agency believes that the market is overly optimistic, and that will make a correction in the next few weeks market. At the same time, Bank of America Merrill Lynch continue to maintain its Chinese GDP growth in 2014 is expected to remain unchanged at 7.7% levels. We are in the last year to 2013 China's economy with cautious optimism, but with the change of new economic data show and the international economic environment, Anbang have views on trend of adjustment of the Chinese economy in 2013. The recent transformation of a series of economic data and foreign investment attitude, have also proved this point.