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Zarathustra W., Also Sprach Analyst
Looking at the latest data, media reports and what the government is doing, it might not be too far fetched to say that China is probably already in a so-called hard landing, if that is defined as sub-7% growth. In fact, depending how you look at the GDP growth figure, the annualised growth rate for the first quarter of 2012 was a mere 7.4% with the reported seasonally adjusted quarter-on-quarter growth rate at [...] Zarathustra W., Also Sprach Analyst
A sub-7% GDP growth is what most people call a “hard landing” for China. While that would be a very low rate for China, it is hard to argue that it is actually very bad. A sub-7% GDP growth is very easily reached. In fact, I have noted previously that using the quarter-on-quarter data, the annualised growth rate has slowed to just 7.4%. We only need the [...] |
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