News Snapshot:
15 Mar 2021 China’s Economy at a Glance – March 2021 Don’t be fooled by surging annual growth rates – momentum is set to slow across 2021. By NAB Group Economics Overview Interpreting Chinese data will become more challenging for the next few months – due to the extreme base effects related to restrictions imposed to control the spread of COVID-19 in early 2020. Few official Chinese data series are seasonally adjusted, meaning that comparing year-on-year trends is the typical approach. Year-on-year growth rates of many indicators will be extremely large for the next few months, until the sharp falls...
