-
The Limits of China’s Consumer Revolution
Once again, China has defied the naysayers. Economic growth picked up in the final quarter of 2012 to 7.9% – half a percentage point faster than the 7.4% increase in GDP in the third quarter. This was a meaningful increase after ten consecutive quarters of deceleration, and it marks the Chinese economy’s second soft landing in slightly less than four years. Despite all the talk about the coming shift to internal demand, China remains heavily dependent on exports and external demand as major drivers of economic growth. It is not a coincidence that its last two slowdowns followed closely on the heels of growth ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 29, 2013 8:34pm Jan 29, 2013 8:34pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #2
- Quote
- Jan 29, 2013 8:43pm Jan 29, 2013 8:43pm
- str8bullish
- | Joined Mar 2008 | Status: ~The consititution~ | 200 Comments
- Comment #3
- Quote
- Jan 29, 2013 11:15pm Jan 29, 2013 11:15pm
- Skunk
- | Joined Oct 2012 | Status: Strategist | 12 Comments