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China’s economy kicked off 2018 strongly, but it doesn’t look sustainable
China’s economy started 2018 with a roar—or rather a chesty cough.
Steel production surged, up almost 6% in January and February from a year earlier, as did investment in the crucial real-estate sector, which rose at the fastest pace since late 2016. Is it game on again in the world’s second-largest economy?
Not so fast. The industrial economy...