Its all about perception really
If the market wanted to it could sell off on those results crying out "hard landing"
Likewise if the market wanted to it could realise a point which a friend of mine made to me a few months back which is very interesting and that is Chinas economy is a lot larger now and so 7-8% Growth off a much higher base results in the same if not higher consumption and out put numbers when compared with 10% off a much lower base
Makes sense wonder when Mr Market will wake up to this
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