China rebalances…towards robots
Remember the quaint idea popularised by Professor Michael Pettis that China must rebalance its economy from investment to consumption, or it will inexorably slow into a Japanese-style quagmire? Apparently not! From Goldman. The production-consumption gap is widening. Industrial production growthn accelerated to 5.2% yoy in August, while retail sales growth slipped to 0.4% yoy. Measurement The…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
