Now We Know Why China Authorities Panicked; An Actual Negative Number In The One Place They Can’t Afford One

By |2016-07-15T12:07:58-04:00July 15th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In August 2014, Chinese industrial production was estimated to have slowed sharply from +9.0% that July to just 6.9%. Consensus at the time expected only a minor variation, an insignificant change to +8.8%. Chinese industrial statistics had suggested some minor (relatively speaking) weakness at the start of the year before rebounding throughout the spring in what is now, in the [...]