Q3 2017 China Macro Data Recap

While headline GDP growth slowed only marginally to 6.8% y/y in Q3, subcomponent data indicated a sharper decline in heavy industries and construction activity. Key developments within the data include softening property sector indicators and declining bank asset growth, while the most surprising elements were the uptick in headline producer prices and the sharp increase in refinery runs in September.

Posted October 20, 2017
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