Tuesday, January 17, 2012

When near 9 percent growth is considered a slowdown...

...you have today's China.

The Financial Times sent the following news alert late Monday evening (U.S. EST):
China’s economy expanded 8.9 per cent in the fourth quarter of last year, extending a slowdown that began at the start of 2011 and is expected to continue into 2012.

“In terms of the domestic and international situation 2012 will be a year of complexity and challenges so we should be fully prepared,” said Ma Jiantang, spokesman for China’s National Bureau of Statistics as he unveiled the latest figures for the world’s second-largest economy.
Extending a slowdown. Hmm.

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