Economics
Economic Takeaways of China GDP, Investment, Output, Retail Data
- It's a two-speed economy with services propping up growth
- Doubts emerge over data as output, investment data disappoint
Looking at China’s Expanding Economy
This article is for subscribers only.
What you need to know about Monday’s Chinese economic data:
The Takeaway: Consumption is underpinning growth as the economy transitions away from a reliance on investment and exports, preventing a steeper slowdown. Expanding demand for services including health care, education, tourism, entertainment and financial products make the economy less dependent on investment and industrial output, said Chi Lo, greater China senior economist at BNP Paribas Investment Partners in Hong Kong.