While the world gasped last night when China's production-based, and goalseeked GDP number came in at 7.0% - the lowest in 6 years... ... the truly scary numbers were in the details, which revealed unprecedented deterioration. The key among these were shown previously, and are as follows: Plunging consumer sentiment: oddly this hasn't been offset by China's unprecedented stock bubble. The worst retail sales in 9 years: Tumbling auto sales: The weakest fixed asset investment (recall that in China capex spending accounts for over half of GDP growth) in the 21st century Industrial production worse since the Lehman ... (full story)