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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… | |||||
More Trouble Brewing in China
By Andrew Mickey, Q1 Publishing
Almost every day, the U.S. government releases some new tidbit of economic data. It never fails there is always someone out there to question the validity of it. They say how manipulated or plain wrong the data may be. In most cases, the scrutiny is certainly justified.
There, however, seems to be no scrutiny of the occasional bit of economic data released from China. And the “next thing to go wrong” could very well be in China.
China’s $585 billion bailout sparked a renewed sense of confidence which will likely be short-lived. After all, that’s about 17% of…
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