China's GDP Growth: An Important Rebalancing MilestoneGuest Post
China's GDP Growth: An Important Rebalancing Milestone by Andy Rothman, Matthews Asia
The Wall Street Journal and Financial Times share a pessimistic view of China’s third quarter macroeconomic results, with headlines declaring that 6.9% GDP growth was the slowest since 2009. From our perspective, however, the most important points are that retail sales growth accelerated slightly, signaling that consumers shrugged off the A-share market . . .
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