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Replies to post #6054 on The Rising Influence of Rising Affluence
11/09/12 1:05 PM
11/10/12 12:07 PM
The latest data, including industrial production, retail sales, fixed-asset investment and electricity generation, were stronger than most economists had anticipated. They presented a consistent picture of an economy that is starting to show real growth again after a very weak spring and summer.
“It has become increasingly clear that the Chinese economy is now moving in a better direction,” Zhou Xiaochuan, the governor of the People’s Bank of China, the central bank, said at a news conference Thursday, before the October figures were publicly released. Bank economists increasingly agree.
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