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Great Fall of China
Earlier today, China announced its economy grew at a 6.8% in Q4. This is not very good news at all. China’s GDP growth is inching perilously close to 6% economic growth. Which is viewed as the minimum to keep the lights on. It’s a critical level the world is watching closely.
Say what you want about the validity of China’s “official” numbers, but it’s bad and it’s probably going to get worse. As you can see in the table below, the downtrend is still accelerating.
| China’s Quarterly GDP Growth Rate | |||||
| Time Period |
Q4 -2007 |
Q1 – 2008 |
Q2 – 2008 |
Q3 – 2008 |
Q4 – 2008 |
| GDP Growth Rate |
11.2% |
10.6% |
10.1% |
9% |
6.8% |
| Increase… | |||||
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