Vital signs from China

Chinese growth is perhaps the biggest threat to global stability and today’s GDP release may not be able to avoid stoking 'hard landing' fears. But in the longer term, China watchers should be pleased.

All eyes in global markets are turning to China. The release of its June quarter GDP later today will be big news, whatever the result. The consensus forecast is for annual GDP growth of 7.5 per cent but the bigger story and source of speculation will be where the Chinese economy is heading in the second half of 2013 and into 2014.

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