This slowdown in the secondary industry is part of China's intentional shift toward an economy focused on services and consumer consumption rather than manufacturing.In 2016, we will see if this is rebalacing or a business cycle recession. If the latter, then the Chinese Recession Is Ready to Move Into Services.
Chu's point is that it's happening harder and faster than anyone thought it would.
Real GDP for the Fourth Quarter Revised Up, GDI Jumps
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The BEA revised fourth-quarter GDP from +3.2 Percent to +3.4 percent. Real
GDI was a whopping +4.8 percent but discrepancies remain and charts tell a
bette...
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