China’s Recovery Continued In November. PBoC Surprises With 950 Billion Liquidity Injection
Dust off the boilerplate China recovery copy.
The world's second-largest economy continued to perform in November, activity data out Tuesday showed.
Industrial production rose 7% last month, in line with estimates, while retail sales matched consensus as well, rising 5%.
This marks the fourth consecutive month of gains for retail sales, a welcome development. Recall that in the initial stage of the country's recovery, domestic demand was subdued, lagging conspicuously behind the "V-shaped"
How did China do it or should we be wary about believing these numbers, which seems the consensus fall back position on China most of the time?
I worry more that the figures are true than that they are false. If true second place for us will soon be realized and it’s our own damn fault.