There Goes The Credit Impulse: Why Chinese Consumption Is On The Verge Of Collapse
How reliable is the Chinese data?
This is a vitally important question since China is such a big force in the global economy.
The Chinese like to report their year on year growth rates on percentage terms as opposed in Yuan. This is leading many to believe that the data is actually negative in real terms.
Also, Goldman is calling the consumption numbers "mixed".
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