China's economy grew 6.9 percent in the first quarter of 2017, on the back of a rebound in retail sales and a stronger property market. Joe is more optimistic than cautious on the outlook for the world's second largest economy.

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Tags:  economic growth,  hard data,  soft data,  retail sales,  credit-fuelled investment,  rising debt,  infrastructure spending,  China,  USA,  inflation,  reflation,  industrial activity