Think China’s economy is slowing? Think again. China continues to power ahead and flaunt its growing economic prowess …
* Retail sales soared $126 billion — or 21.6% — in May, the second-fastest rate on record
* Oil imports exploded 25% in May, the fastest pace in 10 months
* Auto sales jumped 32% from a year earlier
* Sales of construction materials rose 9.3% in May after a decline in April
* Exports surged 28% in May after a 22% gain in April
* Incomes continue to rise — up 11.5% in the first quarter compared to a year earlier
Add in the Sichuan earthquake reconstruction and the Beijing Olympics that are on the horizon, and I don’t think China’s economy will be cooling anytime soon!
Related Posts
- China is now buying oil like crazy! (06/09/08)
- Bingo! China’s Oil Imports Surging! (06/11/08)
- Here’s more on China, just in … (07/24/08)
- China Leads The Way … (11/10/08)
- Good news on China. See the highlights below and my opinion. (03/04/09)
