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10th Sep 2021 14:39China+, Economic Monitor, Asia Key Issues

  • Industrial production growth likely slowed sharply in August, despite strong trade figures.
  • FAI growth should soon rebound, but likely not in time for the August data.
  • We owe M1 a partial apology; our forecast is now coming back into line with its signal.

August construction deposits fai growth gdp gdp growth governments growth households industrial production inflation local governments m1 m1 growth nominal gdp nominal gdp growth pmi pmis policy production retail retail sales retail sales growth sales growth savings savings rate trade

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