China – Slowing Growth

by Laura Ehrenberg-Chesler on April 15, 2016

in Economic Indicators,Foreign Markets

At Crossvault we are often asked what is going on in China, and why is their growth slowing?  This morning we received an update from George Friedman of Stratfor Research which I thought was worth passing along.

The Chinese economy expanded 6.7 percent year-on-year for the first quarter of the year, down from 6.8 percent in the final three months of 2015 and the country’s slowest quarterly growth since 2009, according to official data released April 15, Channel News Asia reported. However, the numbers are seen as evidence of a stabilizing economy. According to a statement from China’s National Bureau of Statistics, the economy saw “sound development” and showed “positive changes on major indicators.” Indeed, China’s home sales jumped 71 percent in March from a year earlier, Bloomberg reported, the country’s largest monthly year-on-year increase since at least 2015. The daunting amount of structural reform needed to tackle industrial overcapacity and rebalance the Chinese economy will occur at a highly uneven and volatile pace

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