Wikileaks showed a message quoting a Chinese official, Li Keqiang, that said that most statistics, including GDP, are “for reference only”.f As China begins a tightening monetary policy, we can expect the GDP numbers to fall.
Here’s more from Alpahville.
Chinese growth was extremely high, even after the crisis broke out. The Aussie enjoys positive data from China, its main trade partner. Is this going to change? AUD/USD is near parity.
Wikileaks is likely to expose more interesting economic data, in addition to interesting gossip about what the US thinks about global leaders. US banks are worried as well.
Share
