GDP : BEIJING, Oct. 20 (Xinhua) -- China's gross domestic product (GDP) grew to 20.16 trillion yuan (2.96 trillion U.S. dollars) in the first three quarters of this year, up 9.9 percent from the same period of last year, the National Bureau of Statistics (NBS) said on Monday.
(Click here)
This is a welcome news by all despite of slipping below 10%. 9% shows the measures taken by the Chinese government has been effective - no over heating. They deflated both stock market and property bubbles without spreading into real economy is also something we should appreciate.
CPI is under-control though PPI is still putting on pressure. Consumption and public spending are going to counter worldwide slow down. Additionally, a lot more tamer inflation (4.6%) will give a lot of flexibility to maneuver over the monetary policy - Yes - easing!. (Click here)
Fixed asset is still growing at a healthy pace of 27%. This further confirm no dramatic slow down ahead. (click here)
These are good news for the world that searching for sources of growth.
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