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These Two Charts Show Why Everyone Is Watching Chinese Data
We just saw that the Chinese economy expanded 7.7% on the year in the fourth quarter of 2013. GDP was up 1.8% quarter-over-quarter. GDP growth was up 7.7% in 2013, the lowest level since 1999. Economists have for sometime warned about a slowdown in China. And this is of course terrible news for Australia. Dylan Grice has previously described Australia as "a credit bubble built on a commodity market built on an even bigger Chinese credit bubble, Australia looks like leveraged leverage, a CDO squared." Grice was pointing out that Australia relies on China to consume its exports in a massive way. But it isn't just ... (full story)
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- Jan 19, 2014 11:19pm Jan 19, 2014 11:19pm
- Les Lau
- | Commercial Member | Joined May 2010 | 17 Comments
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- Jan 20, 2014 12:29am Jan 20, 2014 12:29am
- skenobi
- Joined Oct 2007 | Status: Former institutional dogsbody | 183 Comments
I'm not trying to convince anyone. I'm not in the "convincing" business.
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- Jan 20, 2014 12:48am Jan 20, 2014 12:48am
- Les Lau
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- Jan 20, 2014 6:50am Jan 20, 2014 6:50am
- ognen
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