China Wobbles Worth Worrying About

The Australian stock market is getting pummelled today after China announced first quarter GDP growth of 7.7%. Hardly problematic by the rest of the world’s standards, but this is something worth worrying about (or continuing to worry about, if you’ve been reading the blog for the past few years). Firstly, the official numbers are almost certainly overstating reality. Anne Stevenson-Yang, founder of China research organisation J-Capital Research, sent an email around this morning lamenting the fact that the data out of China is ‘so weak as to be maddening’: As the Chinese economy grows weaker, the gap between reality...

The Australian stock market is getting pummelled today after China announced first quarter GDP growth of 7.7%. Hardly problematic by the rest of the world’s standards, but this is something worth worrying about (or continuing to worry about, if you’ve been reading the blog for the past few years). Firstly, the official numbers are almost certainly overstating reality.

Anne Stevenson-Yang, founder of China research organisation J-Capital Research, sent an email around this morning lamenting the fact that the data out of China is ‘so weak as to be maddening’:

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