Lock in the China slowdown

Tuesday, 18 April 2017

Easter witnessed a major Chinese data dump for March and Q1. Q1 GDP was excellent at 6.9%:

March internals were even better with sizable rebounds in retail (10.6%), fixed-asset investment (9.2%) and industrial production up to 6.8%:

Within key sectors, steel output in March was thumping along at 72mt, an all-time record:

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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.