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From GDP To Cars & Planes To Sorghum Duties, China Smothers World With News
China is going to hit you with so much news that you'll have a difficult time crafting a consistent narrative and who knows, maybe that's the point.
GDP was of course inline (6.8% in Q1), because that's how it goes and the rest of the data deluge was generally mixed. It looks as though China is continuing to mark a slow but steady transition from a smokestack economy to a consumer-led growth model.
"Despite the moderation in growth industrial production and infrastructure investment in March,
> “China is continuing to mark a slow but steady transition from a smokestack economy to a consumer-led growth model.”
China consumer economy was $7-trillion in 2017 compared to the US consumer economy of $5-trillion.
This per the Swiss mega-bank / wealth manager UBS, at the annual BoAML conference in January in HK.