Chinese growth sucks

Thursday 16 November 2023

Chin’s October data dump was released late yesterday. Goldman has more.

Among China’s mixed October activity data, retail sales beat market expectations while fixed asset investment missed.

This, together with our high-frequency trackers for early November, suggests momentum in consumption and industrial production remains largely stable.

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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.