Chinese growth hits its targets again

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China October data dump continued this afternoon with industrial production, retail sales and fixed asset investment.

Industrial production was 9.6% year on year in Oct, previous was 9.2% expected was 9.4%.

Fixed asset investment year on year for Oct up 20.7%, prior was 20.5%, expected was 20.7%.

Retail sales year on year were up 14.5%, previous was 14.2%, expected was 14.4%.

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China is rolling once more. The question is for how long and in what manner will it grow.

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.