What's Ahead for China's Economy?

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Oct. 18 (Bloomberg) -- On today's "Global Outlook," Bloomberg’s Alix Steel and Citigroup's Nathan Sheets take a look at economic growth in China. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)

This is "street smart" on bloomberg television.

We have good news in global markets today.

China's economy is accelerating from what had been a multi- decade low.

Let's talk about this.

Because it's friday, i will start with the good news.

China was growing more than previously estimated.

This is in many fiscal stimulus.

Because of that, you thought that field production, electricity, credit growth -- they all grew.

The signs leading forward are we hit some stumbling blocks.

The big warning part was retail sales.

That was a myth, up 13%. -- miss, up 13%. considering that china is such a strong driver of growth of not only imports and exports, you can argue that is discouraging.

The question really is, do you believe these numbers.

Do you believe these numbers?

The numbers for china are noisy and uncertain, but they are the best we've got.

What i tend to do when i look at chinese data is look at as many series as i can find, then take out of that, what is the general message the data are saying?

Consistent with this gdp report, they are telling us that chinese gdp looked like it is stabling somewhere around 7.5%. third quarter was higher.

Fourth quarter may be a bit lower.

It's like 2.5% here, right?

What does it mean for all the stimulus going forward?

How much does that stimulus continue, or do we see a

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