Chinese GDP comes in Hot at +8.9% Year over Year; +9.2% for all of 2011

by John Galt
January 16, 2012 09:25 ET
The Chinese data came in a tad hot and now the doubts about the need for the Chinese authorities to ease comes into play. If the ChiComs fail to ease the Western economies already floundering might indeed see a deeper reduction in economic growth as the Chinese tap down inflation fears and continue to buy commodities on the cheap using their massive foreign reserves.