{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='China starts 2017 with robust growth but retail sales disappoint' data-url='/boclips/videos/6878e82d8802842c0ca29a54' data-video-url='/boclips/videos/6878e82d8802842c0ca29a54' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nChina starts 2017 with robust growth but retail sales disappoint\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\u0026amp;search_tab_id=2\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eChina’s latest official statistics show the economy got off to a robust start in 2017.  There was strong bank lending, a lot of spending on infrastructure by the government and a much-needed expansion in private investment as surging...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eChina’s latest official statistics show the economy got off to a robust start in 2017. \u003cbr/\u003e\u003cbr/\u003e There was strong bank lending, a lot of spending on infrastructure by the government and a much-needed expansion in private investment as surging demand for steel for new roads, bridges and homes lifted factory output.\u003cbr/\u003e\u003cbr/\u003e “Today’s data appeared to be mainly driven by infrastructure spending and a rebound in the real estate sector,” said Zhou Hao, a Singapore-based economist at Commerzbank.\u003cbr/\u003e\u003cbr/\u003e China combines January and February activity data in a bid to smooth out seasonal distortions caused by the timing of the long Lunar New Year holidays, which began in late January this year but fell in February last year.\u003cbr/\u003e\u003cbr/\u003e Retail disappoints\u003cbr/\u003e\u003cbr/\u003e Retail sales rose less than expected in the first two months of the year – up by 9.5 percent. That was the slowest pace in nearly two years and cooling from 10.9 percent in December.\u003cbr/\u003e\u003cbr/\u003e  China retail sales growth falls to single-digits for the first time in 14 years. pic.twitter.com/zxcP29vGYw— David Ingles (@DavidInglesTV) March 14, 2017\u003cbr/\u003e\u003cbr/\u003e But the statistics bureau pointed out that was mainly due to a slowdown in automobile sales after the government rolled back tax breaks on small cars.\u003cbr/\u003e\u003cbr/\u003e How sustainable?\u003cbr/\u003e\u003cbr/\u003e China’s leaders want solid growth as they try to roll back the risks from a sharp build-up in debt.\u003cbr/\u003e\u003cbr/\u003e But economists are not sure how long the pace can be sustained as the central bank is now discouraging lending and exporters are bracing for increased US protectionism. \u003cbr/\u003e\u003cbr/\u003e “This strength remains heavily reliant on rapid investment growth that will be difficult to sustain given clear signals that the fiscal and monetary policy stance will be less supportive this year,” says Julian Evans-Pritchard, a Singapore-based China Economist at Capital Economics.\u003cbr/\u003e\u003cbr/\u003e Reduced growth target\u003cbr/\u003e\u003cbr/\u003e China has cut its growth target to around 6.5 percent this year to give policymakers more room to push through painful reforms to reduce financial risks created by years of debt-fuelled stimulus. The world’s second-largest economy grew 6.7 percent last year, the slowest pace in 26 years. (Full Story)\u003cbr/\u003e\u003cbr/\u003e China’s first-quarter economic growth could accelerate to 7.0 percent year-on-year, from 6.8 percent in the last quarter, economists at OCBC wrote in a note last week.\u003cbr/\u003e\u003cbr/\u003e But OCBC and many other China watchers expect that pace will begin to slow starting in spring as the payoff from last year’s stimulus spree begins to fade.\u003cbr/\u003e\u003cbr/\u003e  China’s GDP growth to reach 6.5% in 2017: \u003ca href='https://t.co/wBzesxKUpn' target='_blank' rel='nofollow'\u003eeconomist\u003c/a\u003e pic.twitter.com/kKCagr8EyQ— People’s Daily,China (@PDChina) March 13, 2017\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=91038322\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e0:35\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;grade_ids%5B%5D=255\u0026amp;grade_ids%5B%5D=256\u0026amp;grade_ids%5B%5D=257\u0026amp;grade_ids%5B%5D=258\u0026amp;search_tab_id=2\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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