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Asia stocks rise as China growth slows as expected

Singapore (ap)-Asian markets Friday after high, China said its economic growth in the second quarter, the slowest since 2009 pace, in line with analysts' expectations of Numbers.
China's gross domestic product (GDP) in April to June expand 7.6%, down from the same period a year earlier, from the first quarter of 8.1% growth. China also report said, June retail sales and factory output growth slowed.
Most Asian markets fell a few days ago, the speculation of China's economic growth may slow consensus estimate of 7.6%. Some analysts say, expected to cut interest rates and China's fiscal stimulus spending should stimulate loan, investment and strong economic growth in the second half of this year.
"It all should be actively in the next few quarters of GDP growth, the Capital Economics chief Asia economist mark Williams," said. "In the next few months affect strong loans will be felt most in 2013."
Williams said he expects to China's economic growth of 8% for this year and next year.
Japan's nikkei 225 index rose 0.1%, to 8730.28 19103.18, and Hong Kong's hang seng index is up 0.4%.
South Korea Kospi index rose 1.3% to 1809.07. Australia S&P/ASX 200 index rose 0.4%, to 4085.20 and China's Shanghai composite index rose 0.2% to 2189.12.
Other analysts expect China's economic growth continues to slow down, consumer demand not kept pace with industrial production ability. China's gross domestic product will probably average is about a 6% increase in the next five to 10 years for a year, in the countries in Smith business school at the university of Maryland professor Neil, gupta said.
"8% of the GDP growth in China's day has in the past, said:" gupta, who is at INSEAD business school in the school of business professor visit in Singapore. "There are many, such as cement, steel and auto industry the scale of the excess capacity, because the government supply of cheap capital, and everyone thought and 8% growth rate will continue."
On Thursday, the dow Jones industrial average stock price index closed down 0.3%, to 12573.27. In 1334.76, standard &poor's 500 index fell 0.5%. The nasdaq composite index was down 0.8%, in 2866.19.
In August, the delivery of benchmark crude $86.02 a barrel on the New York mercantile exchange electronic transactions dropped 6 cents. Crude oil futures prices 27 cents, charge $86.08 in New York on Thursday.
In the currency, the euro rose to $1.2207 from $1.2195 late on Thursday in New York. In steady $79.27 yen from 79.31 yen.




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