Investors are neither surprised nor worried by the 6% growth figure. The long line of investors queuing up to invest in China, do business with China or attract Chinese investment is not growing any shorter. To be sure, some in the line are dropping out for political reasons, but their places are rapidly being taken by others.
SINGAPORE (Oct 28): It is no surprise that globally, all economies are slowing. The relentless attack on the logistics of free trade has an inevitable effect. The bears baying for China’s demise have found a new focus — China’s latest figures reporting 6% growth.
Some claim it proves that the US is winning the trade war and forcing China to its knees. In addition to the growth slowdown, they point to the US$28 billion ($38 billion) cash injection by China’s central bank as evidence of the country’s much-anticipated collapse.
