Has China's Ability to Support Growth Increased?
Releases for September showed the continuing shift in China’s economy toward consumer spending, with retail sales gains outpacing the rise in industrial production. Investment spending continues to be led by the public sector, the figures showed, with subdued private business spending highlighting the problem of high levels of debt. Industrial output rose 6.1 percent from a year earlier, against the median forecast for 6.4 percent and retail sales gained 10.7 percent, matching the median forecast. Aviva Investors Head of Multi-Assets Peter Fitzgerald discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."
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