China Economic Panel (CEP) by ZEW and Fudan University (Shanghai) - Further Decline in Economic Outlook for China

The economic outlook for China continues to be rather bleak. The CEP indicator, which reflects expectations of international financial experts regarding China's economic development over the next twelve months, stands at exactly 0.0 points in the current survey period (October 14 until October 28, 2014). The current value is the lowest level of the CEP indicator since the survey began in mid-2013.

Already for the beginning of next year, experts forecast decelerating economic growth. They estimate the annual growth rate for the first quarter 2015 to be on average 7.2 percent. For the fourth quarter 2014 their forecast remains unchanged compared to the previous month. At 7.3 percent, this figure corresponds to the annual growth rate of the third quarter, which had been correctly predicted by the experts.

The assessment of the current economic situation in China improves by 8.3 points in comparison to the previous month and now stands at 4.9 points.

For further information please contact

Prof. Dr. Michael Schröder, Phone: +49-621-1235-140, Email: schroeder@zew.de

Dr. Oliver Lerbs, Phone: +49-621-1235-147, Email: lerbs@zew.de