China’s hard landing is not under control

Thursday, 14 May 2015

China’s April data dump is bad. Last night I recorded that industrial production managed a tiny bounce at 5.9% versus 6% expected:

But fixed asset investment tanked at to 12% versus 13.5% expected:

The key driver is real estate investment which is crashing down 17.3% January to April year on year:

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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.