The Rising Influence of Rising Affluence

[DewDiligence]

China’s GDP grew 7.5% YoY in 2Q14, matching the official growth-rate goal for the full year:

http://www.nytimes.com/2014/07/16/business/international/china-says-lending-put-growth-rate-at-7-5-percent.html?ref=todayspaper

China announced on Wednesday morning that its economy grew 7.5 percent in the second quarter, marginally better than expected, as a wave of lending unleashed by the central bank helped local governments continue investment projects even as housing construction remained very weak.