China’s Scorching Economy Cools Off

    Workers labor behind the scaffolding of the new apartments construction site in Beijing Thursday, Oct. 18, 2012. China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape, adding to hopes for a global recovery. (AP Photo/Andy Wong)

    Andy Wong / AP Photo

    No wonder Xi Jinping disappeared. China reported a slowdown in growth for the seventh consecutive quarter, as the economy only expanded by 7.4 percent—the slowest pace since 2009. The troubling numbers come just three weeks before the Communist Party installs a new government for the first time in ten years.  While the Chinese government is on high alert for signs of unrest—angry unemployed or a rise in migrant workers—so far there hasn’t been anything. On the positive side, September has posted good data, meaning the slide may be temporarily stopped.

    Read it at The Wall Street Journal