Wednesday, May 13, 2015

China Industrial Production--the cycle low?

Chinese IP grew at a 5.9% rate year-on-year in April, up a little from the surprisingly low 5.6% yoy in March.

I suspect we've seen the cyclical low.  But we're not going back to the boom years growth rates of 10% pluse, let alone the 18% achieved between 02 and 08.

[Click to embiggen]