The month-on-month numbers are just totally useless unless the seasonal factor has been applied.
More Quotes from Dong Tao:
China has become one of the forces lifting these two countries out of recession.Dong Tao
Will the government really hit the brakes I doubt it. Much of the investment is following government instructions. It's in second- and third-tier cities. This is what the government wants. They've regained solid control over inflation.
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This is a day for celebration. But tomorrow when Hong Kong wakes up, it will still face structural challenges.
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In the past, it's a window to raise funds for Chinese companies. And, in the future, it might also be itself a destination for Chinese money abroad.
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This is clearly not what the government expected.
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