China’s Economy Slows Nicely; Too Nicely To Be True?

China’s latest quarterly growth figures show the economy’s growth is slowing at a measured pace, which should reassure investors worried about the possibility of a bumpier deceleration. Year-on-year growth for the second quarter was 9.5%, down from 9.7% in the first quarter and generally beating analysts expectations. There is always a slightly malleable soft focus to China’s published GDP numbers. While  the latest set will certainly reflect the trend of a slowing economy seen in a range of other monthly indicators, they may well be erring on the side of the comforting in doing so. For Beijing’s policymakers, investor expectations are just another component of managing a soft landing for the economy as a whole.

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