Chinese Economic Data Comes Out Just As Leaked
As we disclosed, the following core Chinese March data was leaked earlier:
RTRS-CPI 5.3-5.4% (BBERG est is 5.2%)
RTRS-PPI 7.4% (BBERG est is 7.2%)
RTRS-IP 14.8% (BBERG est is 14%)
RTRS-RETAIL SALES +17.4% (BBERG est is 16.5%)
RTRS-FIXED ASSET +25% (BBERG est is 24.8%)
And here is the final:
- CPI: 5.4%
- PPI 7.3%
- IP 14.8%
- RETAIL SALES +17.4%
And GDP comes in at a blistering 9.7%
The communists even leak data better than America. They also have a big inflation problem. Per the AP: "Food costs rose 11 percent in the first three months of the year over a year ago"
Obviously, none of this data relevant or even remotely representative of China's
reality: these days the only job a government has, is to lie to its peasantry.