Chinese growth slows steadily (except steel!)

Tuesday, 15 May 2018

China’s April data is out and showed growth internals trending down. Industrial production jumped back to 7% but fixed asset investment hit its lowest level for as long as anyone can remember at 7%. Retail sales also dipped to 9.4%:

Under the hood, real estate floor area sales continue to slow, up just 1.3% year to date and down 3% year on year:

However, floor area starts were still up 7.5% 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.