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China back in currency driving seat after strong data

Posted on 11 December 2012

Oh China, how could we ever have doubted you? Look at those data go. Official figures released Sunday showed that industrial production was up by a very perky 10.1% last month, compared with the position a year earlier. And there was more: retail sales soared 14.9%, putting in their best showing for eight months.
These are the first numbers to see daylight since the Communist Party’s epochal leadership transition last month, and the new boys must be delighted with them. There have been seven straight quarters of slowing growth running up to September, but this sort strength will argue strongly against 2012 bowing out with an eighth………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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