a_chinese_echo_of_1980s_japan_-_wsj.pdf |
china’s_monetary_policy_zigs_where_u.s._zags_-_wsj.pdf |
China loses steam: Industrial output, investment, retail sales and trade all grew less than expected last month, after the world’s second-largest economy put in a surprisingly strong showing in the first half, adding fuel to a global recovery, Elias Glenn and Ryan Woo write. Lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. Economists do not expect a hard landing, with the government keen to ensure stability ahead of a once-in-five-years Communist Party leadership reshuffle in the autumn. READ THE STORY HERE
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