This page has been archived and commenting is disabled.
China Q2 GDP 9.5%, Higher Than Expectations, But Lowest Since Q3 2009
- China 2Q GDP rises 9.5% y/y vs est. 9.3%; rate is slowest since 3Q 2009.
- 1H GDP rises 9.6% vs est. 9.5%.
- June industrial production increases 15.1% y/y vs est. 13.1%, rose 13.3% in May; June IP up 1.48% q/q
- 1H IP up 14.3% y/y vs est. 13.9%
- June retail sales rise 17.7% y/y vs est. 17.0%; 1H retail sales rise 16.8% vs est. 16.7%
- 2Q GDP up 2.2% q/q vs 2.1% in 1Q
- 1H fixed asset investment exc. rural rises 25.6% vs est. 25.7%
- NOTE: GDP grew 9.7% y/y in 1Q.
»
- 3778 reads
- Printer-friendly version
- Send to friend
- advertisements -
2Q between 1Q & 3Q, 25% of 2011
It's hard to know what's really going on in China (on the ground, as in reality) as they are running neck and neck with Geithner & Bernanke is projecting opaqueness, but if the latest stats on auto sales are to be believed, things do appear to be slowing appreciably in China:
-
China automobile industry body slashes sales forecast
Reuters - Fang Yan, Ken Wills - Jul 8, 2011- China Car Sales Off
Asia Sentinel (blog) - Jul 8, 2011need to take THOSE numbers with several tons of hoarded salt
Agree with opaquness all around. what about the cash for clunkers type program they instituted?
nominal GDP... isn't China's inflation rate around 7%?
BINGO - it was 10-12% the past three years - unofficially probably higher.
but everything they do is top quality. like their medical care.
http://www.shanghaidaily.com/article/?id=476973
People who never experienced inflation do not pay attention to real rates and most find it really hard to grasp and understand the difference between real and nominal rates...
Bullish....
Global slowdown coming....still bullish.
lol - that is what is killing wages/standard of living is letting in too many immigrants to take more IT jobs etc. and outsourcing. ...
"[Baby boomers] are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades.”
"The average income of U.S. households headed by 25-year-olds and younger has been declining relative to the average income of the baby boomer population. This is a reasonably good indication that the productivity of the younger part of our workforce is declining relative to the level of productivity achieved by the retiring baby boomers. This raises some major concerns about the productive skills of our future U.S. labor force."
Greenspan would prefer the U.S. let in more skilled immigrants instead.
"Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow."
I wish everyone in the country would tell Greenspan to STFU all at once next time he opens his mouth. It really is partially his fault our economy is where it is today.
The Fed chairs are simply the lackey's. The real powers are behind them.
I share your opinion, but think you're being too kind.
Greenspan saw no need to regulate derivatives, oversaw the gutting out of regulations over such things as...oh...mortgage qualification standards and other banking practices that dramatically contributed to creating of the housing bubble, and he also brilliantly (/sarc/) supported the complete criminality that is the joke of commodity market regulatory 'reform' as set forth under The Gramm–Leach–Bliley Act (GLB), aka the Financial Services Modernization Act of 1999.
In other words, Greenspan went Full Retard.
Ah the Chinese GDP...well they just sent oil bid, watch SHIBOR blow out again and another wave of inflation comes their way.
Implosion now timed - 3mths t-minus zero
Aust markets just set a 4hr bulltrap
http://gmbpost.com/investment-news/move-over-moodys-dagong-likely-downgr...
Dagong lkikely downgrade US.
running bet that (US) rating agencies start downgrading the crapola out of China, as the market becomes more cannibalistic and chaotic...anybody?
Dam, I couldn't make sense of it. was it 600B or 2T QE2? :/
the stimulus is working!
BTW.. silver bitchz
Who would ever believe these figures anyway? These figures were agreed on by the Central Committee five years ago. They are about as trustworthy as the BLS.
I believe in everything the Chinese say about their economy. I also believe in the Tooth Faerie.
All you see in China is "Asses and Elbows" -maybe building some ghost cities and empty highways is enough to keep the momentum going. They buried their last banking catastrophe with incredible growth, maybe they can grow hard enough to bury the present mess.
Maybe. Or, they will actually run out of clean water for everyone before that happens. Even with a worthless government and an imbecilic set of oligarchs, I'd still rather live here in the USA.
Hmmm. Wonder if all those empty buildings were built in advance for world dominance when slaves, from different countries, are shipped in to fill them.
Just went to Fujian to attend international trade fair last month, they definitely building lots of highway and cities. But that encourage a very high number of factories to moving inward to the west of China. Travel times between inland to coast are reduced significantly, some reduce from 8 hours to just 3 hours. Thus, more trade between cities will bloom. Also, people will less likely to immigrate to big cities to find jobs because more and more jobs move to them.
The highway I traveled was build last year, they are empty of course, but expected to jam pack within 5 years. So, I don't think it not that bad to build them.
China needs to just purchase EU debt.. the game will continue until 2014.
/sarcasm
You'll be happy to know that the GDP in my house grew 19.6% over the last year. My wife and I wrote checks to each other for $7500.00 and cashed them. Next year we're going for a 24% GDP increase!
Shanghai markets bottomed 3 weeks ago.
Bad news is already baked in.
Gold's breakout to new highs today virtually guarantees higher stock prices worldwide.
Go to sleep Robo, stop wanking and doing Elliot wave analyis simultaneously...
Robo puking up blood, and plotting to kill Gentleman Jim.
hong kong down 3% yest.
the bad new is what this looks like after we subtract out the inflation rate. as we think about what that might be, and in which direction it might be headed, brother & sister, let us pause to consider whose ass they pull this data from, anyhow.
same one as they were broadcasting the muni debt from? china is fun, tho!
so, is this gonna be a secular world-wide bull, RT?
i mean, if we're getting ready to inflate the biggest credit bubble in the history of the galaxy, how can we not have happy markets, with winners flopping around in ecstacy on the floor of the casino like a bunch of holy rollerZ?
Does not every one know at least one person; that when they open their mouth you grit your teeth, becuase every other sentance is a bold fucking face lie? Uhhh-reverse mergers by the dozens, Chinese BULLSHIT by the TON, or how about helicopter full. We are all fucked when china has as much credibility,if not more, than the US/EUROPE Drama Queens.
http://www.youtube.com/watch?v=whVf5tuVbus&feature=related
23 Things They Don't Tell You About CapitalismThing 1: free market doesn't exist; NAFTA is 1000s pages long when free market should make it just 1 page. free market means child labor. etc.
Intellectuals are leading the new paradigm