The bright spot in a slowing dragon Sticky consumption may be a bright spot in the gloomy China slowdown dialog, but will consumers remain optimistic without manufacturing and real estate? Over the most recent Chinese national holiday households were not able to deliver the same pace of sales growth bucking last year’s trend as retail [...]

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Short of cash to support projects local governments search for alternatives to bank loans As we covered last week, China’s National Development and Reform Commission (NDRC) has approved a flurry of local infrastructure projects since the third quarter of 2012 worth Rmb 5.06 trillion (closer to $1 trillion accumulated for the whole of 2012). These [...]

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