Is China’s Economy Beginning to Slow from Its Whopping 6.9% Growth? July Macro Data Might Indicate Yes
August 14, 2017
To distract ourselves from how quickly August is progressing, we are focusing attention on China’s recently-released July macro data. The month produced a mixed bag of statistics, with industrial production and import/export growth falling despite a widening trade surplus. Helping to compensate, two new policies were announced to stabilize economic growth: a “joint ownership” policy to help low income homebuyers and a RMB 1 trillion debt to equity swap to aid over-leveraged companies. Analysis of the aforementioned—as well as discussion of recent currency movements and a new national payment clearinghouse—can be found in the attached note.
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