The latest figures to come out China indicate that growth for September has remained the same as that of August. On the one hand this is reassuring but, on the other may indicate that economic growth in China is once again stalling rather than growing. However this is for state run industries only and doesn’t take into account private enterprise, which may or may not be doing better.

On closer scrutiny the amount of people in state employment and the amount of raw materials supplied was down below the government’s threshold. This may be due to rising debt and a thermally inflated housing market. The factor which stabilises figures and brings them out of the negative, but affords no real growth, is that exports rose by a fraction.

Madeleine

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