Figure 1.
Economic growth plunged worldwide, and decelerated substantially in China

Figure 2.
As elsewhere, China’s trade volumes declined sharply

Figure 3.
Bank lending increased sharply

Figure 4.
Government influenced investment accelerates while market based investment slows

Figure 5.
Destocking after earlier involuntary build up of stocks of finished products

Figure 6.
Consumption is decelerating to still robust rates

Figure 7.
Sharply lower raw material prices are driving down inflation

Figure 8.
Profits in core manufacturing influenced by price gap between PPI and raw materials

Figure 9.
Spare capacity is set to become substantial

Figure 10.
Base money has surged

Figure 11.
Interbank interest rates are very low

Box 1 Figure.
Growth forecasts for 2009 have diverged