China has some very bad news for consumer recovery hopes

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China released its April data today and the recovery is weak or weaker depending upon what you want to look at.

Industrial production is the standout, rebounding to year on year growth of 3.9% but still down 4.9% year to date. Of course, that can be contradicted by any number of other measures showing no such thing.

Fixed-asset investment is still down 10.3% YTD as well.

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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.