Entries from Pomfret's China tagged with 'China GDP'
China's Decent GDP Numbers Show It's Muddling Through
China announced today that it's economy grew 6.1 percent when compared to the first quarter of last year. Not bad, actually. Retail spending up. Fixed investment up. Industrial production up. All signs are pointing to a decent recovery. Twenty years after China faced its most serious political crisis with the death of Communist Party general secretary Hu Yaobang that touched off the Tiananmen Square protests, China is facing and apparently facing down its most serious economic crisis since its opening to the West. China is muddling through.
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