Economic DataWatch: China (Quandary for the Government)
June 4, 2013 2:12 pm
China released their manufacturing and service industry reports on Sunday night. Manufacturing came in very soft and the service sector seems to be holding up. Once again this adds more questions regarding the export numbers that they reported last month.
Take a look at the Economic DataWatch:China that we included below and notice that there is a trend lower for the economy while housing prices are skyrocketing. This leaves a quandary for the government as they would like to slow the rise in home prices and still help the economy grow.
government as they would like to slow the rise in home prices and still help the economy grow.