China comments on data strength - consumption main driving force

Author: Eamonn Sheridan | Category: News

China Statistics Bureau comments:

  • consumption main driving force
  • most indicators in March better than expected
  • many external uncertainties as global growth slows
The data: 
As I said earlier - question on the data's veracity follow closely behind these releases. Something to be aware of is such questions are only raised when the data is 'good', never bad. I sometimes wonder if those questioning it are aware of this bias? 

As I also said earlier, stimulus impacts showing through. We've already been seeing this in stabilising and improving PMIS. 

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