No stimulus from Beijing, so what's next?

Beijing's stance against reckless stimulus is its clearest signal of departure from GDPism. If this extends to successful structural reform, the country could add up to $1.9 trillion to GDP.

China bears will giggle today when Beijing releases its much-anticipated first quarter GDP figure for 2014. The market consensus is between 7.2 and 7.3 per cent growth rate and a notch below the official goal of 7.5 per cent.

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China bears will giggle today when Beijing releases its much-anticipated first quarter GDP figure for 2014. The market consensus is between 7.2 and 7.3 per cent growth rate and a notch below the official goal of 7.5 per cent.

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