China industrial and credit machine switches on

Friday 15 April 2016

China has released its first quarter GDP and partials and the news is that China has switched its industrial and credit machine to “on”. GDP was weak in at 1.5% month on month and 6.7% year on year:

But that’s yesterday’s news. Partials for March tell the tale with industrial production well ahead of expectations at 6.8% (vs 5.9% exp):

Fixed asset investment up solidly to 10.7% on stimulus (versus 10.4% exp):

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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.