China Growth Remains Strong Over 9%
As every pundit in the media wants to fret over 'slowing' growth at China, it makes us ponder why investors aren't happy getting the medicine that the doctor orders. Just earlier this year everybody though China was growing too fast and inflation was becoming a problem. What gives now that the government has engineered a soft landing? The latest report shows that China GDP grew by 9.1% in Q3 after 9.5% in Q2 and 9.7% in Q4. This after inflation reported last week dropped to 6.1% for September down from the summer peak of 6.5%. Inflation is expected to drop further as commodity prices drop comparisons peak. China as inflation dropping faster than GDP providing for an ideal investing scenario. Other encouraging news, September retail sales rose by 17.7% and industrial output rose by 13.8% both above estimates and suggesting that Q3 ended on a high note. From the data, it's difficult to understand the hard landing fears. For a country full of savers, rising interest ...