Economic Recovery Adjustment

By staff reporters Huo Kan, Wang Jing, Yu Hai rong

( Magazine) At an August 11 news conference in the Beijing, China's National Bureau of Statistics (NBS) uncharacteristically announced several types of important data all at once. The room seemed agitated as spokesperson Li Xiaochao announced that industrial growth for the month of July was just 10.8 percent.

"How is it that the growth rate rose only 0.1 percent compared to June?" was the question in many minds.