Chinese growth stabilises

Thursday, 18 October 2012

So, the China data dump has landed and it shows stabilising growth. Real GDP came in at YoY 7.4%, the previous was 7.6%:

Real GDP year to date was 7.7%, the previous 7.8%.

Of the components, industrial production came in at 9.2%, previous was 8.9% Year to date is 10%, previous was 10.1%:

The all important fixed asset investment excl rural came in at 20.5%, previous was 20.2%:

Retail sales year on year grew at 14.2% previous was 13.2% Retail sales year to date were 14.1%. Same as last quarter.

In short, stabilisation.

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.