So, the media leads with the headline that China’s economy slowed during the olympics because businesses were closed to help clear the atmosphere.
But its important to get the detail. The rate of growth remains high. Far beyond what western economies are experiencing.
- industrial output growth of 12.8% in August
- retail sales up at an annual rate of 23.2% in August
- and the economy grew at 10.1% for the second quarter of this year.