China Economic Watch
Nick Borst of Peterson IIE wrote a follow-up to his economic watch. The data presented is digestible and straight forward. The outlook for Chinese economic rebalancing has worsened modestly as compared to the third quarter. The growth of loans to small enterprises slowed slightly relative to overall enterprise loans. The tertiary sector failed to outpace the growth of the secondary sector when adjusted for inflation. Overall, things are moving in the right direction on most fronts, but at a glacial pace.