A SOFT LANDING FOR CHINA
Craig James
Business Spectator, August 11, 2010
Chinese economy remains strong, but slowing as predicted. Chinese authorities have reason to be satisfied with their efforts to slow the economy to a more sustainable rate. Latest economic data largely printed in line with consensus estimates in July.
Industrial production continues to barrel along at a 13.4 per cent annual rate with retail spending up 17.9 per cent on a year ago. Non-food inflation stands at just 1.6 per cent.
What does it all mean?
It’s not easy to engineer a soft landing, but the Chinese authorities must be delighted with their efforts. While the Chinese economy is easing to a more sustainable rate, it is clearly in the realm of a slowdown, not a shutdown. When you have production, investment and retail spending all barrelling along at double-digit annual rates, it is clear that the economy remains in pretty strong shape.
(...) [artículo aquí]
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