China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>Though China announced GDP growth of 6.9%, this is more accurately seen as a set back for economic reform given the figures reliance on old industry drivers.  There are also significant concerns about the drivers like Hotels and Catering that are above the national growth rate.  Industrial data fails to support the idea that the GDP growth of the Hotel and Catering sector would grow by 7% based upon occupancy rates, visits, new rooms, and revenue.  Some of these figures should be viewed…</p>

Though China announced GDP growth of 6.9%, this is more accurately seen as a set back for economic reform given the figures reliance on old industry drivers.  There are also significant concerns about the drivers like Hotels and Catering that are above the national growth rate.  Industrial data fails to support the idea that the GDP growth of the Hotel and Catering sector would grow by 7% based upon occupancy rates, visits, new rooms, and revenue.  Some of these figures should be viewed…

Strength in Old Industries in Chinese GDP and Trade