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So, here are the charts for China’s first quarter growth miss. GDP year on year:
Industrial production year on year:
Fixed asset investment year on year:
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Retail sales year on year:
I’m a bit surprised. I expected 8% plus but there is still plenty of credit coming through so the next quarter should be no worse if not better. However, equities are not enjoying it and iron ore miners are getting crushed.
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.