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China data for April is in and is still on a weakening growth trend with industrial production up 8.7% year-on-year below expectations of 8.9%:
Retail sales rose 11.9% versus 12.2% expected:
Fixed-asset investment came in at 17.3% versus 17.7% expected:
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No wonder their pushing mortgage again!
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.