2015-04-16

The Stock Market Hockey Stick Save of GDP

Bankers to China's Rescue
A more granular look at China's slowdown shows its stock market boom and increasing sophistication in financial services helped save the economy's bacon last quarter.
Financial intermediation surged 15.9 percent from a year earlier, the standout performer among the nine industry groups including real estate, transport and farming outlined by the statistics bureau. Construction and 'others' were the only other two to beat the economy's 7 percent expansion pace.

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