The Shanghai Composite closed up 1.8% today. I expect it will surge on the back of Thursday's economic data release. Since mid-February I've argued that GDP growth would surprise on the downside in Q1 and -- given the expected policy reaction -- on the upside in Q2, and so...
...will almost certainly be seen as a strong buy signal for retail investors. For me the big problem with Thursday's GDP data is that most of the strength is likely to be in supply-side indicators, and not on the demand side. That distinction, however, will be...
...largely ignored by investors (and by most analysts for that matter).
