Gauging China’s growth

Today’s commentary
China is a big wildcard for 2014. Growth slowed last year to a 14-year low. It isn’t yet clear if the trend will continue and what China’s leadership will do if growth does slow further.
Overnight a slew of China economic data was released. The most important figure was the 7.7% annual growth figure for 2013, which was the worst growth number in China since 1999. The media have made a big deal about this figure being a 14-year low. Nevertheless, the slowing was entirely expe...

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