China’s 6.7% GDP growth comes with a flashing warning sign
Last night the Chinese government reported a wok full of economic data. GDP climbed 6.7% in the third quarter of 2016 from the third quarter of 2015. That matches the 6.7% year over year growth reported for the second quarter. And it just happens to lie smack dab in the middle of the government’s goal of 6.5% to 7% growth for 2016
China’s 6.7% GDP growth built on a mountain of new debt
China’s 6.7% GDP growth hinged on another quarter’s worth of debt financing for an economy that’s already eyebrows deep in debt. Money supply climbed at a 13.4% rate in the quarter as the People’s Bank continued to pump cash into China’s economy. New loans by Chinese banks climbed to 1370 billion yuan in March. Aggregate growth in new financing was more than double the rate in the fourth quarter.
China growth misses official target but doesn’t confirm market fears
China’s economy grew at a 7.3% in the fourth quarter of 2014. That was short of the official target of China 7.5% but slightly ahead of the 7.2% expected by economists
Rising doubts about economic growth
Worries about global growth today include lower forecasts from the World Bank, disappointing U.S. retail sales, and a miss on growth from China–so where are the acorns that will growth into oaks?
China’s 7.3% third quarter GDP growth? Not!
Yesterday’s announcement that China’s economy grew by 7.3% in the third quarter contributed to the day’s rally in stocks and oil. Today, not so much, as traders and investors are rethinking exactly what China’s GDP figures really mean—with that rethink being helped along by larger than expected U.S. inventories of crude
China hits government’s target of 7.5% GDP growth exactly in June quarter
Ah, the magic number. Economic growth accelerated in China for the first time in three quarters. Gross domestic product climbed 7.5% in the second quarter of 2014 from the second quarter of 2013.
China’s 2nd quarter GDP growth comes in exactly on the official target of 7.5%–if you can believe it
Official data released today by the National Bureau of Statistics show that China’s economy grew by 7.5% year over year in the second quarter. That’s a drop from the annualized 7.7% growth in the first quarter but exactly in line with the official government target of 7.5% growth for the year.
Third quarter GDP growth of 7.4% may mark a bottom for China
In the third quarter China’s economy expanded by 7.4% year-over-year, the National Bureau of Statistics announced today. That’s was inline with the median estimate from economists surveyed by Bloomberg and down slightly from the 7.6% annual growth rate reported for the second quarter. China’s economy grew at an 8.1% annual rate in the first quarter of 2012
Download Jim’s eBook for Free
