Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

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]