Gasp! The Chinese economy isn’t growing at a double-digit rate anymore!
I don’t mean to sound silly but anybody that interprets today’s economic data from China to be a negative just doesn’t get it.
The Chinese National Bureau of Statistics reported that its economy grew by 9.9%in Q3.
That’s on the heels of 10.6% in Q1 and 10.1% in Q2.
I’d hardly call those numbers disappointing. In fact, we would do cartwheels for that type of growth in the U.S.
