Chinese GDP hits post-GFC low

Tuesday 21 October 2014

After a lot of hand wringing in various quarters, Chinese September QTR GDP has come in at 1.9% and 7.3% year on year, slightly ahead of expectations:

It is the lowest print since the GFC but the slowing is very gradual. The internals were not so good.

Industrial production was 8.0% year on year versus +7.5% expected and up from 6.89% in the June quarter:

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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.