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The much anticipated Q4 China bounce ain’t coming. Late yesterday China released its monthly growth partials and the news was again lousy. Industrial production fell to 5.6% versus 5.8% expected:
Fixed asset investment fell another point to 10.2% growth, bang on consensus:
And retail sales likewise hit expectations at 11%:
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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.