Author: CDT Money
China watchers spent the week digesting the latest official quarterly GDP data released by the National Bureau of Statistics, which showed year-over-year growth slowing to 7.5% in the second quarter. Measured by international standards, which present annualized growth on a quarter-over-quarter basis rather than year-over-year, China’s economy grew just shy of 7%. The official
November data has reinforced the cautious optimism that began to creep into the Chinese economy in September, as factory output and retail sales reached eight-month highs and inflation remained under control. Not all signs pointed in the same direction – exports rose less than expected for the month, and banks missed their targets for new loans – but the overall picture
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