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|Commenting on China's slowest quarterly economic growth in seven years|
|Monday, 18 April 2016|
John Wyn-Evans, Head of Investment Strategy at Investec Wealth & Investment, said: “The release of China’s first quarter GDP has generated many headlines, but no real surprises. That in itself is no surprise, as the government has already made its growth targets perfectly clear, and we know that these are on a falling trend - just be prepared for more scaremongering headlines about its slowest growth in X number of years.
"Whether or not the figure is precise is open to more debate, and we can only marvel at the efficiency of its compilation given the size of the population and geographic spread of the country – and it is rarely revised either! The key point is that investors now generally understand that China is in the midst of a bumpy transition towards a more consumer-led economy, which ultimately promises to grow more slowly, but more sustainably, with less emphasis on the import of hard commodities. Managing that transition flawlessly is likely to prove hard, though, so we can still expect the odd bout of nerves.”
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