6% to 7% annualized growth = recession

In China they call it a recession when annualized GDP growth slows to 6%-7%. In the USA we're happy to see 2%.

http://www.cnbc.com/id/49120271

My take: Don't get confused by the MSM's recent take on this. When you hear the MSM suggesting (OK, cheering openly and gleefully) that China is nearing a recession, they are talking about China's annual growth falling to a level that we have never achieved in decades.