Profit growth at China 's industrial companies slowed in 2008 which resulted in China and Hong Kong economies slipping over fears the recent pick - ups in the economy my be short - lived . Nomura economists predict " underlying industrial sector growth to slow further in 2008 , but in a gradual manner , as industrial production growth likely slows and overall economic deflation likely narrows . "
Profit growth at China's industrial companies slowed in April which resulted in China and Hong Kong stocks slipping over fears the recent pick-up in the economy my be short-lived. Nomura economists predict "underlying industrial profit growth to slow further in May, but in a gradual manner, as industrial production growth likely slows and producer price deflation likely narrows."