Here's What'll Keep China Economy Watchers Busy This Weekend
- PBOC Governor Zhou and deputies hold press conference Saturday
- Retail sales projected to gain as industrial production slumps
PBOC to Unleash More Stimulus: Goldman Sachs' Moe
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China economy watchers get a double dose Saturday, when the government releases key data and People’s Bank of China Governor Zhou Xiaochuan and his top deputies hold a press conference.
The bright spot may be retail sales, which probably showed continued improvement with a 10.9 percent gain from a year earlier, according to a Bloomberg survey of economists. Other reports are forecast to show a continued slowdown in industrial production and fixed-asset investment. The data, due 1:30 p.m. Beijing time, combine January and February to smooth out distortions arising from the week-long lunar new year holiday.