Chinese depression rolls on

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The Chinese depression rolls on. Here’s the data wrap from Goldman.

January-February activity data generally came in stronger than market expectations, although the magnitude of beat was modest.

Industrial production (IP) growth moderated to 5.9% yoy in January-February from 6.2% yoy in December, faring much better than export growth which fell meaningfully in January-February.

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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.