Mixed data from China, and doubts about the 7.5% growth target for 2014

Monday, August 18th 2014 - 07:16 UTC

Full article 3 comments

China's latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measures of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales in July rose by 12.2%. But that's also below June's 12.4% spike. Read full article

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Anglotino
So exports to the so called declining west are what is helping keep the Chinese economy afloat.

The world is more integrated than some would like to believe.
Aug 18th, 2014 - 09:35 am - Link - Report abuse 0
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Captain Poppy
Now unless I am incorrect, it is “this” CHina and “that” Russia who are going to be South America's savior? Not to mention they are starting a development bank to compete against the IMF? Who is going to be their savior?
Aug 18th, 2014 - 11:58 am - Link - Report abuse 0
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Bisley
Statistics from the Chinese government are no less fraudulent than the fake numbers from any other government. They all tend to show what they would like to happen, or what they want others to believe is happening (within limits of what they think the public is likely to accept), rather than what is really taking place. Things are hardly ever as good as the numbers would lead one to believe, and they are more properly looked upon as propaganda, than fact.
Aug 19th, 2014 - 12:06 am - Link - Report abuse 0
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