Diffused in the Italian night a flurry of macroeconomic data on China. These data highlight in particular a slowdown in GDP, which continues to grow but well below expectations.
In fact, the economy of the Asian country seems to have slowed down more than the expectations formulated by analysts in the third quarter. In fact, the Chinese gross domestic product showed an increase on an annual basis equal to 9,1%. This was the most modest growth since the second quarter of 2009. Economists had estimated a 9,3% jump. In the first quarter, China's GDP had grown by 9,7% while in the second it stood at 9,5%. In the first nine months of the year, the gross domestic product recorded a +9,4%, the same rate recorded in the first 9 months of 2010.
Chinese fixed assets investment increased by 24,9% in the first nine months of the year compared to the same period last year, while the retail sales grew 17% in the first nine months of the year. Industrial productionfinally, it recorded an annualized increase of 13,8% in September. In the first nine months of the year, industrial production in the second world economy rose by 14,2%.
The results are overall in line with analysts' expectations. The latest moves made by the central bank which have somewhat loosened the grip on credit seem to have produced the expected results. In recent weeks, the government has repeatedly underlined its desire to keep inflation under control without however excessively penalizing consumption, especially domestic consumption, whose relative weight is still relatively contained in the country's economy.
