Chinese GDP slows

Monday 15 July 2013

Chinese GDP for the June quarter is out and came in on consensus at 7.5% and quarterly at 1.7%. Industrial Production was right on as well at 9.3% and fixed asset investment missed slightly at 20.1%. Retail sales beat at 13.3% versus 12.9% expected.

For no obvious reason the dollar jumped. Do markets really think that slowed lending hits growth in the same month?

Charts to come…

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.