Chinese growth is hitting the skids

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Chinese growth numbers are out for the September QTR and it was all bang on target with GDP at 6.8%:

However, something much more interesting is happening under the bonnet. The September month partials were mixed but weak in the construction economy with industrial production at 6.6%, retail sales at 10.3% but fixed asset investment at 7.5%, the lowest anyone can remember

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Within that, realty is clearly slowing. Sales are down to 10.3% year to date but are almost flat year on year:

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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.