Gross domestic product grew 6.8 percent in the fourth quarter from a year earlier, after a 9 percent gain in the previous three months, the statistics bureau said in Beijing today. The figure matched the median estimate of 12 economists surveyed by Bloomberg News.I correspond with vendors and customers in China and the former Asian Tigers every day. No product inquiries, no purchases, no nothing except a frantic stream of e-mailed incoherent sales pitches, pleading with us to use their PCB assembly services. China is hurting bad, and I believe the GDP statistics are a lie.
Thursday, January 22, 2009
China's economy contracts
Sorry, I don't believe it.
Posted by Lou Minatti at 6:17 AM