Zero Hedge: Chinese Professor Censored After Admitting Real GDP Growth Is Below 2%
Stirring up unpleasant echoes of the market chaos that swept the world in the opening days of 2016, Apple's decision to cut its quarterly revenue guidance for the first time in 16 years - citing slowing iPhone sales in China as the primary culprit - reinforced concerns about slowing growth in the world's second-largest economy that could have wide-ranging repercussions for global markets.
This wasn't the only factor prompting fears over slowing Chinese economic growth: a batch of soft economic data including consumption, manufacturing surveys and retail sales indicators has undoubtedly helped contribute to the paranoia. As we argued on Friday, when prognosticating the direction of global markets in 2019, all eyes will be on the USA's largest trading partner.
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WNU Editor: There is a lot of debate on how the Chinese economy/GDP is performing. There is no debate that this was a terrible year for Chinese stock markets .... Shanghai’s Stock Index Ends 2018 As The World’s Biggest Loser (December 28, 2018).
1 comment:
If they're at 2% now, real panic will be striking the party..total control over their population, fear of prosecution at every level for "corruption"...you just know they're about to hit rock bottom and soon
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