14/03/18

Steel Output Surge Saves Chinese Economy Despite Credit Impulse Collapse



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Steel Output Surge Saves Chinese Economy Despite Credit Impulse Collapse
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Despite all the discontinuities that the lunar new year causes in China's macro data, the global synchronous recovery narrative is fading fast, but while retail sales missed, China's Industrial Production surged in February (thanks to Steel production up 5.9% YoY).

China's macro data has been disappointing for a couple of months...

And as Bloomberg's Enda Curran notes, it's China data day, but with a catch.

Today's numbers will cover a period when ...

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