So ends a banner year for empty Chinese apartments

Chinese growth numbers for December are out and it’s more of the same massive capital misallocation. First up, GDP came in at 6% for the December quarter and 6.1% for the year:

December growth internals bounced with industrial production at 6.9%, retail at 8% and fixed asset investment 5.4%:

There are 1547 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.