SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.29-0.5%Jan 16 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Snowshoe who wrote (102130)7/31/2013 8:45:52 PM
From: Snowshoe  Read Replies (1) of 219507
 
Li Keqiang has his own private way to measure the Chinese economy...

China capitulates

blogs.telegraph.co.uk

By Ambrose Evans-Pritchard Economics Last updated: July 23rd, 2013


Now we have a clear statement from Premier Li Keqiang that growth must not fall below the government’s “lower limit” of 7.5pc for 2013, and 7pc thereafter.

Already we hear talk of more investment on railway projects, social housing, infrastructure, green energy, sewage, broadband and G4, the tried and tested levers of fiscal stimulus.

Ting Lu from Bank of America calls it the “Li Keqiang Put”. That is certainly what it looks like.

*****

By the way, as the Telegraph wrote earlier this week, the economy is actually growing at a rate of nearer 2pc using the famous Li Keqiang Index based on his private (WikiLeaks) measure of electricity use, rail freight, and loans.




The blue line is allegedly “true” growth, courtesy of Patrick Chovanec.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext