Data Shows China’s Economy Slows, Contrary to Government Reports (Bloomberg)
China’s economy slowed this quarter as growth in manufacturing and transportation weakened, contrary to the government’s reports of an expansion pickup, a private survey showed. Official statistics suggest that growth is stabilizing in China and manufacturing is on the upswing in the world’s second-biggest economy but a private survey by China Beige Book International showed a slowdown. China Beige Book International found that expansion slowed in the manufacturing, transportation, mining and construction sectors during the third quarter. In contrast, official government figures show China’s factories are gaining steam. The divergence shows the “conventional wisdom of a renewed, strong economic expansion in China to be seriously flawed,” said China Beige Book’s Leland Miller and Craig Charney. “These results are not catastrophic, but neither do they indicate growth is picking up.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: