A regional manufacturing report in China has gone missing, raising concerns the economy is much weaker than the government will admit

Industry REUTERS/Stringer

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  • Much of China’s economic data has been lacking, at least compared to its usual standards.
  • A regional manufacturing activity gauge in China recently stopped being produced and was deemed “illegal” by the central government. It had been significantly weaker than other nationwide activity gauges.
  • There are reports the government wrote to journalists in China this year specifying economic topics that needed to be “managed.”
  • With official data from the government continuing to weaken, the two reports suggest the economy may be even more dire than the government is letting on.

By usual standards, recent Chinese economic data had been somewhat horrendous, continuing to point to a further deceleration in activity after the economy grew at the slowest pace since the GFC in the September quarter.

In the year to November, retail sales grew by 8.1%, the weakest increase since 2003. Industrial output didn’t fare much better, expanding by 5.4% from 12 months earlier, the slowest pace in three years.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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