China accelerates away from the quarry

A few extra charts this morning from the CBA commodities team gives an insight into just how fast the Chinese economy is moving way from Australia.

Net exports are a new support for growth as imports fall back:

Consumption and investment are still stuck together:

Fixed asset investment is falling across the board (though infrastructure has been rising):

The Li Keqiang index is looking sick:

Power production is galloping away from thermal coal:

And growth in residential floor space under construction is fading fast:

As starts ease:

On every front the Chinese economy is accelerating away from its southernmost quarry and this is before rebalancing even gets properly going.