Chinese growth stumbles along

David Llewellyn-Smith

Monday 18 November 2024

Chinese October data showed a little improvement in retail sales as FAI and industrial production ease.

Retail is being lifted by trade-up stimulus programs so the bounce is not overly exciting.

Under the bonnet, property prices are still falling.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.