China facing rapid economic slowdown – China Business

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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Submitted by zhangbohan

3 years 12 weeks ago Made popular 3 years 11 weeks ago

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Alex 3 years 11 weeks 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.

Who Hao/Bu Hao'd It?

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