Categories: Retirement Planning and Investing

Slow Train from China Back on Track

Slow Train from China Back on Track (YahooFinance.com)

November statistics for China’s performance point to an economy that is getting back on track. Retail sales, a critical gauge of economic performance, grew 13.7 percent in the month — the fastest growth since last December and far ahead of expectations. In addition, fixed asset investment also rose 19.9 percent in the first 11 months of the year, a significant improvement over last year’s figures, which were the worst in a decade. According to Tim Condon, Asian economist at ING in Singapore, “The economy is humming along and there is no need for growth upgrades or growth downgrades. They can focus on what they need to focus on, with no need to worry about growth stabilization policies.” Is this enough to get you to dip your beak back into China?

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Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.