Pay less notice to China’s latest monthly industrial production and retail sales figures — both up 16% in October from a year before, with the trade surplus almost doubling from September, to $24 billion, as the contraction in exports eased to its slowest pace this year — and more to the subsequent statement by the [...]
Posts Tagged as ‘monetary policy’
October 22, 2009
China And Asset-Bubble Management As Monetary Policy
China is still lending its way towards its 8% growth target for the year. Third-quarter growth has come in at 8.9%, with the National Bureau of Statistics (via Xinhua) pointing up strong fixed-asset investment and rising domestic demand offsetting the drop in exports. The economy expanded by 7.7% over the first nine months. M2, the [...]
