If You Look At It This Way, China's GDP Actually Grew 7.4%

While the headline number of 8.1% yoy growth is the one that everyone is talking about, I overlooked the fact that the quarterly growth rate of 1.8% as reported by the National Bureau of Statistics would give you an annualised growth rate of just 7.4%, and annualised growth rate for 2011 Q4 was below 8% already.

chart

Source: National Bureau of Statistics

(Thanks Nouriel Roubini’s tweet that remind me of this, although the official Q/Q number gives a higher number than his adjustment, apparently)

This article originally appeared here: Q/Q Seasonally-adjusted annual growth rate of GDP is below 7.5% already
Also sprach Analyst – World & China Economy, Global Finance, Real Estate

 


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