China Economy

China’s growth era is over

David Llewellyn-Smith
Monday, 17 July 2023
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Chinese June data is out and sucks:

  • China Jan.-June Fixed Investment Rises 3.8% Y/Y; Est. 3.4%
  • China June Retail Sales Rise 3.1% Y/Y; Est. 3.3%
  • China June Industrial Output Rises 4.4% Y/Y; Est. 2.5%
  • China 2Q GDP Grows 6.3% Y/Y; Est. 7.1%

Weak but not too weak reckons the excellent Lu Ting at Nomura who sees a couple of rate cuts and that’s all:

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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.