Chinese Industrial Production—44 Straight Months of Sub-Par Expansion

The latest figures for March 2018 released today by the NBS show Industrial Production has grown by all of 6%. That’s nearly as bad as the worst months of 2008-09. But we aren’t talking about just a single month. IP in China has been 8% or less for a shocking 44 months straight. That’s rounding into four years at levels associated with the worst economic environments in the country’s modern quasi-market history.