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China's consumer prices and producer prices rose weaker-than-expected in December, official data showed on Thursday.
China's domestically-produced cars are more internationally competitive than they were five or ten years ago, meaning that the country's recent opening-up measures such as lower tariffs and the removal of foreign ownership caps will have a smaller impact, according to Paul Gong, executive director of UBS Investment Research Asia Autos.
China's fiscal policy could be more proactive in supporting investments in the second half this year, said analysts, as the economy looks to strike a balance between growth and stability.
China's economic recovery is forecast to accelerate in the year's second half on the back of strong domestic policy support and the reopening of overseas markets. GDP growth is likely to rebound to about 5 to 6 percent in the second half while the growth rate is predicted to rise to around 7.5 percent next year, according to analysts with UBS Wealth Management.
China's millennial generation has brought strong momentum to the country's luxury personal goods consumption, which grew by 20 percent in 2017.
来源：资阳报