SCOREBOARD: Chinese check

Chinese data disappointed investors but continued to show surging growth, while QE talk could be weighing on markets.

It never ceases to amaze me that people look at Chinese industrial production growth of 9 per cent, retail spending of nearly 13 per cent and investment of over 20 per cent and then say the figures were disappointing or even soft. The truth is there was nothing disappointing by those numbers (fractionally lower than estimates) which continue show a surging Chinese economy.


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