09/09/18

There Goes The Credit Impulse: Why Chinese Consumption Is On The Verge Of Collapse



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There Goes The Credit Impulse: Why Chinese Consumption Is On The Verge Of Collapse
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Recently we discussed how in addition to the widely manipulated Chinese GDP data, new concerns had emerged about official data involving Chinese industrial profits, because while China's National Bureau of Statistics has traditionally reported positive year-on-year growth rates in percentage terms, growth in absolute yuan terms has been negative. This deviation, which barely happened in the past, has reinforced scepticism over the quality of Chinese "data" and ....

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