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Slowdown Hammers Growth at Local Level
Published on: 2014-10-29
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altOf the 19 provincial-level governments that have released GDP data covering the third quarter, 12 reported a slowdown as overcapacity in traditional industries took a toll.

 Provincial-level governments commonly release GDP data shortly after the central government unveils the national figure, which was 7.3 percent in the third quarter.

 The local statistics, which were for the first nine months, provide a level of detail and insight into the economy that national figures do not provide.

 The results offered scant comfort. The deepest deceleration was in the northwestern province of Qinghai, where GDP growth slid from 10.2 percent in the first six months to 9.5 percent in the first nine months. 

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