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No hard-landing for China’s economy for now

This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

China’s GDP growth is gradually slowing as expected – at least according to the official reports.

So far the Bloomberg China GDP Tracker forecast of a material correction this quarter has not materialized.

Source: @M_McDonough

In fact, the nation’s industrial production growth, which continues to decline, came in better than expected.

Fixed asset investment growth shows a similar slowing pattern – now growing at 16% per year.

Have the various hard-landing predictions been off? From many of the recent indicators it seems that China’s economic growth is gradually grinding lower – perhaps toward 4% per annum in 2020 (see report). Unless of course China’s official economic reports are completely flawed – which is always a possibility.

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