Shock! Chinese GDP hits 7.5% bullseye

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The monotony of Chinese GDP targets and numbers is on display again today. GDP for Q2 is out and astonishingly hit the bullseye at 7.5% forecast:

gdp

Retail sales were an equally boring 12.4%:

retial

Industrial production was a minor beat at 9.2%:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.