China is back to its unsustainable old ways. Property and exports are strong, while steel production suggests heavy industry grinds on. If this is how the year’s 7.5 percent growth target is to be met, January’s spike in air pollution may be a gritty taste of things to come.
Source: Reuters graphic/Catherine Trevethan, John Foley, Katrina Hamlin 25/03/2013
Breakingviews China Tea Leaf Index February