China Industrial Production Slows - not really!

I love these headlines China Industrial Output Slows

and then points out it is still in the double digits and it's in part to blame by the factory shut down to clean the air for the Olympics.

China's industrial production grew at the slowest pace in six years on weaker export demand and factory shutdowns for the Olympics, increasing the likelihood the government will stimulate the economy.

Output rose 12.8 percent in August from a year earlier, the statistics bureau said today, after gaining 14.7 percent in July. That was less than the 14.5 percent median estimate of 22 economists surveyed by Bloomberg News

and then they lament that China's economy only expanded 10.1% in the 2nd quarter.

One of the more interesting things was an electricity shortage.

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