China: Slowing growth with modest policy support – BNP Paribas
Par FXStreet Insights Team
Mis à jour: 20 Apr 2026
ARTICLES POPULAIRES
BNP Paribas reports China’s Gross Domestic Product (GDP) growth at 5.0% year-on-year in Q1 2026 and for 2025 overall, with a moderate slowdown expected in 2026. The bank highlights a K-shaped pattern, with strong exports but weak domestic demand and a persistent property crisis.
BNP Paribas reports China’s Gross Domestic Product (GDP) growth at 5.0% year-on-year in Q1 2026 and for 2025 overall, with a moderate slowdown expected in 2026. The bank highlights a K-shaped pattern, with strong exports but weak domestic demand and a persistent property crisis. Authorities are seen maintaining supportive but modest fiscal and monetary policies as deflationary pressures ease.
K-shaped expansion and easing deflation risks
"Economic growth accelerated to +5.0% y/y in Q1 2026, vs. +4.5% in Q4 2025. It stood at 5% in 2025 as a whole and it is expected to slow moderately in 2026."
"The authorities will maintain supportive fiscal and monetary policies, but their measures will continue to be modest, even in a less supportive global environment."
"Deflationary pressures are expected to decline in 2026, notably thanks to higher global energy prices and anti-involution measures implemented by the authorities."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
