A few lines are worth a thousand words
Bloomberg Business Week June 4, 2012
These trend lines plotted over the last 12 months, indicate a gradual downward path in areas such as tax revenue, electricity output and exports. Additionally, sales of mobile phone are down 13% over the last 12 months.
Things in China may be worse than everyone thought, and this graphic shows this decline better than any narrative.
Of course if you want to know why, then you’ll have to read the article.