May 05, 2010
12:00:00 PM
| Last Updated
EXECUTIVE SUMMARY
April looks to have been another month of Goldilocks growth for China, with strong industrial production growth and still-modest consumer inflation. Toward the month’s end the economic porridge started to get a bit too hot, and we expect consumer inflation to cross the 3% y/y threshold in May. A flurry of regulations announced around mid-month—aimed at cooling the property market—probably pulled fixed-asset investment (FAI) down a bit, while the trade account looks to be back in surplus as the processing trade came back to life. Retail sales likely stayed about[...]
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