The Chinese economy is cooling down.

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By December 2011 some industrial indicators pointed to the inescapable fact that China’s economy is cooling down. Warehouse inventories reached a peak and steel production was lower. Compared to other economies like Japan (-0.5%) the United Kingdom (1.1%) or the USA (1.5%) China’s growth is still impressive, but lags behind the previous years’ two digit advancement. Recent analyses expect about 8 % growth for 2012 after 9.5% in 2011.