Standard Charter Suggests China’s Growth Data May be Weaker Than Official Posting

“China’s third-quarter growth may have been weaker than official data indicate even amid increased signs the economy is stabilizing, according to analysts at Standard Chartered Plc and Capital Economics Ltd.

A slowdown in electricity production and an “unimpressive” reading in a manufacturing survey are reasons September’s pickup in factory output was “a bit difficult to believe,” Standard Chartered said in a note yesterday. Capital Economics said its own analysis indicates the economy expanded about 6.5 percent in the third quarter, below the 7.4 percent year-over-year growth reported by the government yesterday.”

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