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JAN 19, 2014 - Business Insider

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These Two Charts Show Why Everyone Is Watching Chinese Data

We just saw that the Chinese economy expanded 7.7% on the year in the fourth quarter of 2013. GDP was up 1.8% quarter-over-quarter.  GDP growth was up 7.7% in 2013, the lowest level since 1999. Economists have for sometime warned about a slowdown in China. And this is of course terrible news for Australia. Dylan Grice has previously described Australia as "a credit bubble built on a commodity market built on an even bigger Chinese credit bubble, Australia looks like leveraged leverage, a CDO squared." Grice was pointing out that Australia relies on China to consume its exports in a ... Read More

Tags: These Two Charts Show Why Everyone Is Watching Chinese Data,  Exports Latest News