China facing rapid economic slowdown

http://www.abc.net.au –

Premier Wen Jiabao has declared that the effects of the world economic crisis on China have been "worse than expected".

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Hao'd by zhangbohan 7 weeks 5 days ago- – Made popular 7 weeks 1 day ago
Category: China Business Tags:

Alex

7 weeks 1 day 2 hours 48 min ago

Argh. Pet peeve: badly worded economic statistics.

"The growth in China's industrial output slowed to 8.2 per cent in October, compared to 11.4 per cent a month earlier. "

That sounds like monthly growth rates. Obviously it cannot be, that number is too high. Perhaps it's annualised monthly growth, or perhaps it's annual growth. In actuality this is a 12 month growth rate - a 3.2pp fall in one month, excluding a large base-effect, means growth in October was negative, which should be been mentioned in the article too, but isn't.