MNC execs on the ground dispute China's 7% growth

Shanghai

CHINA'S economy is officially growing at a brisk clip of 7 per cent, but many locally based executives at multinationals say they wouldn't know it from the performance of their businesses.

By China's standards 7 per cent is already the weakest annual growth in 25 years, but on the ground the slowdown in the world's second-biggest economy is being felt more acutely in many sectors, even those driven by consumer spending, which government data says is growing around 10 per cent.

"How can China's economy be growing at 7 per cent?" said an execu…