China’s May Data: Trouble Ahead?

Posted June 11, 2013 by rvillareal

• China’s May data are almost equivalent to April’s, suggesting that the economy remains on a moderate expansion path, probably close to the official (7.5%) real GDP target.  There is, to be sure, the potential for a marginally downward tilt in the recent path, as exports softened during the month, but it isn’t clear that real GDP will reflect such development near-term in a noticeable way, as imports slowed abruptly as well, and domestic sales picked up slightly.
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