from The Daily Bell:
Disappointing Chinese growth figures spook markets … An unexpected slowdown in China’s economic growth has cast fresh doubt over the strength of its recovery, sending jitters through the stock markets. Chinese GDP grew by an annualised 7.7pc in the first three months of this year, down from the previous quarter’s 7.9pc growth, according to official government figures. Analysts had hoped for 8pc growth. The disappointing figures, driven largely by weaker-than-expected industrial production, dragged on markets in Asia and elsewhere, led by commodities sell-offs. Hong Kong’s Hang Seng fell 1.43pc and the Shanghai Composite dropped 1.13pc overnight. – UK Telegraph
Dominant Social Theme: China is on the way up and nothing can stop her …
Free-Market Analysis: Everyone knows that China is going to take over the world but ìs such an event going to be the result of a “long march” or a short one? The current numbers on the economy show us once again that it is not easy to build a world-class economy year-in and year-out.
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