By December, conventional wisdom – and Chinese growth data – was exploding fast. Exports fell 2 per cent year on year in November, or by 10 per cent if you strip out currency appreciation. Industrial production plunged to a record low.
到了12月,傳統智慧——乃至中國經濟成長數據——都在快速蒸發。中國出口在11月份同比下跌2%,若剔除人民幣升值因素,則下跌幅度達到10%。工業產出跌至創紀錄低位。
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