Comment on China's rapid economic slowdown is probably even worse than the government will admit

China's rapid economic slowdown is probably even worse than the government will admit

China's latest growth figures are out, and they're not good — growth of 7% from this time last year is the slowest in six years. Industrial production, retail sales, and investment all missed their forecasts. If China measured growth the way the US does (measuring the quarter-on-quarter change and then annualising it), it would have recorded only a 5.2% expansion (barely faster than the US in Q3 last year).

 

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