Archive | July, 2016

China Slowdown Story has Moved into a New Phase as Government Props up Ailing Private Sector

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The last several days saw the release of the usual slue of monthly and quarterly economic stats out of China, which were mostly met with applause from the financial punditry as headline numbers beat expectations.  A look under the hood, however, reveals quite a different story. The composition of growth in China again markedly deteriorated in […]