China’s 1st quarter GDP came out, at an 8.1% growth rate.
The experts are calling 8.1% “moderating,” meaning that China’s economy is hitting the brakes. If the U.S. had an 8.1% growth rate, our unemployment rate would be under 4% overnight . We’d be happy with just a 3% increase of GDP.
I’d hate to see what the experts will call “a crash” to China’s economy. +2%?