Chinese growth chokes

Sunday 14 September 2014

Over the weekend we got the August China data dump and it was a nasty surprise for anyone not paying attention to iron ore over the last month. Industrial production tanked to 6.9% year on year versus 8.7% expected:

Fixed asset investment fell to 16.5% year on year versus 16.9 expected:

Retail sales slowed to 11.9% growth year on year versus 12.2% expected:

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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.