According to Fathom’s China Momentum Indicator 2.0 (CMI 2.0), annual real economic growth was 6.7% in 2017, the fastest pace in five years. But CMI 2.0 peaked in the middle of the year at 6.9% – since July it has fallen for five consecutive months, at an ever-increasing pace. Refresh the chart in your browser | Edit chart in Datastream Fathom’s CMI 2.0 fell 0.2 percentage points in December, ending the year at 6.5%. Our CMI 2.0 is based on ten indicators, all but one of which are shadow measures of economic activity, not used in the construction of the usual expenditure