Its a holiday in China today too – which gives us some time to catch up on what’s going on there. This article isn’t news, but its not too bad a summary of whats been going on and the road ahead in 2013:

The economy is likely to recover further in the first half. But that is when inflation and real estate bubbles may start to fuel concern, some say.
Nomura’s China chief economist Zhang Zhiwei said the world’s second-largest economy might see “a story of two halves: averaging 8.2 per cent in the first half, but then slowing noticeably to 7.2 per cent in the second”.
“Overall, the policy stance is likely to remain loose,” Zhang said.

Mainland faces bumpy road in push for economic growth