Looking at the latest release of the OECD economic indicators for China, it appears that the massive jump in economic activity seen since the panicky period of late 2008 took a notable pause throughout most of 2010 and after having shown some growth into late 2010, is now back on the decline (note... this is a highly revised series that has been swinging between expansion to contraction with each monthly release).
China’s leading economic indicator suggests that economic activity slowed in September showing a month-to-month decline of 0.03% bringing the latest level 0.84% below the level seen in September 2010.