April 2018 China Macro Data Recap

China’s April data releases show an economy decelerating under the pressure of contracting informal financing channels, with the slowdown led by investment activities by local governments. One surprising element within the data has been the surge in corporate bond issuance in 2018, despite recent news concerning growing default risks. Rising oil prices as well as some softening consumer data also warrant continued scrutiny in the months ahead.

Posted May 22, 2018
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