Sunday, April 16, 2017

China’s Economy is Maintaining Steam

Offering a brief insight for those unaware the BBC’s article talks about China’s Q1 GDP figures, first draft, which were reported at 6.9% above the estimated 6.5% but below the previous Q1 report in 2016. With mention that resurgence in growth is in part being driven by a drastic rise in public spending on infrastructure related projects as well as a rise in consumer consumption. As a cautionary warning, for those unfamiliar with the topic, the article heeds caution for the statistics put out by the heavy handed Chinese government. In conclusion, this article offers a brief, but important, update on the world’s second largest economy by nominal GDP.

The BBC:
Nathaniel Dust

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