China industrial production growth low, inflation moderate

11 Jun 2013 by Jim Fickett.

Year-over-year growth in China's industrial production is officially reported as 9.2%, which is very high on any absolute scale. However it is low in the range of the last few years. Further, realistically, reported growth in the neighborhood of 9% probably corresponds to actual growth of something close to zero, since both the government and private sector PMI numbers indicate essentially no growth (China PMI indicates stagnation).

Fortunately, low growth is coming with low inflation.

(See the Reference pages China inflation and China industrial production for background, sources, and past commentary.)