I just love the way Chinese bureaucrats phrase their data releases:
"China's power output shipped via major grid networks fell around 3.5 percent in May, narrowing from a 3.55 percent decline in April, according to data from the State Grid Distribution Center. Reasons for the decline are unclear. "
Yes, it's technically correct to say that the drop in power output "narrowed". But wouldn't it be more sensible to say that the decline in May was basically the same as the decline in April?
(Quoted from Caijing, an excellent source for China economic/business news)
A good background discussion of this topic on China Stakes.
(Link picked up via Naked Capitalism.)
Trucking And Blue-Collar Woes
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