Posted March 22, 2018 10:55 pm by Comments

The first batch of Chinese data in 2018 on investment and industrial production came in stronger than expected, which largely dissipates the previous concerns of a sharp deceleration in Chinese growth in Q1. However, details of the data suggest that actual growth momentum may not be as strong as the numbers indicate. Retail sales were a bit weaker than expected, for example. With the wealth effects from rising housing prices fading, we expect household spending growth to moderate in 2018 — although the long-term trend of rising consumption in China remaining intact. READ MORE

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