From the Washington Post
Indicators of slowdown
There are many indicators of China’s slowdown. Manufacturing was flat last month, according to a widely used index, and non-manufacturing activity in May showed a drop from the previous month. House prices in May fell to a 16-month low. In April, foreign investment in China was down 26 percent from last year. Retail sales of consumer goods were up 14.1 percent in April year-on-year, but that marks a drop from 15.2 percent year-on-year growth in March and more than18 percent growth year-on-year in December.
I think the year over year change in foreign investment is quite telling and astonishing.
Indicators of slowdown
There are many indicators of China’s slowdown. Manufacturing was flat last month, according to a widely used index, and non-manufacturing activity in May showed a drop from the previous month. House prices in May fell to a 16-month low. In April, foreign investment in China was down 26 percent from last year. Retail sales of consumer goods were up 14.1 percent in April year-on-year, but that marks a drop from 15.2 percent year-on-year growth in March and more than18 percent growth year-on-year in December.
I think the year over year change in foreign investment is quite telling and astonishing.
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