Tuesday, December 13, 2016

Reuters — What’s Behind China’s Superbly Strong Month in Car and Retail Sales


But, but, but, China is going to crash and burn any day now.
China posted its strongest retail sales growth of the year in November, while surging steel production lifted factory output, but private investment began to slow again, leaving the economy more reliant on state spending and mounting debt.
After a rocky start to the year, China‘s economy has performed better than expected and looks set to hit Beijing’s 6.5 to 7% growth target as higher government spending and a sizzling housing market fuel a construction boom.
Meanwhile the US elite is terrified of Donald Trump's infrastructure plan that would increase spending, which they see as crowding out private investment, and add to the public debt, which they view as the chief domestic threat to the US.

When are the morons going to figure this out? Ever?

Fortune
What’s Behind China’s Superbly Strong Month in Car and Retail Sales
Reuters

4 comments:

Matt Franko said...

"The yuan has slid to more than 8-year lows against the dollar so far this year"

Zombies should be happy....

bbbar said...

"When are the morons going to figure this out? Ever?"

No, never.

Matt Franko said...

"No, never."

Agreed...

Ryan Harris said...

China, US holding joint military training.