Sino Slowdown

china1With industrial output growing at its slowest pace since 2008, retail sales and fixed investment at levels last seen in 2005 and 2001 respectively, China is slowing. To boost lending, expect China to lower interest rates and the reserve requirement ratio. The real estate downturn, weakening exports, massive overcapacity, and the crackdown on anti-corruption and shadow banking have inflation at just 1%. Chinese GDP won’t hit even 7% in 2015.

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