China's Economy A Slower Slowdown

China's Economy A Slower Slowdown

TODAY'S economic data releases from China were a mixed bag. First, the bad news. It has been nearly half a year since China started easing its monetary policy, and there is still little sign of a rebound in growth. For anyone thinking that the economy would surge back to full throttle, the sluggish response to the stimulus is disappointing. There was, though, also a glimmer of good news. The downturn appears to be abating. Even the beleaguered property market appears to be finding its feet. This should assuage fears that the slowdown might spiral out of control and turn into a rout.

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