Making Sense of China's Economic Indicators
Batten down the hatches! China's GDP growth is expected to slow to 7.2% this quarter year-on-year from 7.5%. While those growth rates would have most countries salivating, it is not quite the blistering expansion that China has enjoyed since last millennium. Couple that with luxury sales, which are expected to decline 1% in the Mainland this year, and house prices dropping 1.3% in September - the sector's first yearly fall, and things don't sound overly positive.
For some categories, the golden run may be over. Yet, if we scratch the surface, most products and services targeting consumers have plenty of reasons to be upbeat about China.