China's economy on the downturn

[cstaylor]

Outbreak of Disease Forces Steep Plunge in Chinese Economy

J. P. Morgan Chase, which does investment banking in China, estimates that after expanding at a torrid annual rate of 9.9 percent in the first quarter, the Chinese economy is actually shrinking at an annual rate of 2 percent in the second quarter.

Probably temporary, but it's amazing how mother nature impresses her will on everything.

[DJEB]

I'm always a bit suspiciious when it comes to China's claims of growth. The stunning growth is, more often than not, exaggerated.

Downturn? Now that I have no reason not to believe.

[cstaylor]

A jump from 1 to 2 is 100% growth... without the actual results calculated, those percentages don't mean anything.