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This was largely because last year's introduction of the Goods and Services Tax dropped out of the year-on-year calculation.
So why did stockmarkets and economists around the region react with such relief?The 7.4% figure was a "year-on-year" calculation, comparing China's economy from July to September with the same period last year.
We compute growth rates of resistance to specific bacteria using standard year-on-year growth calculations.
Balic said BlackRock was preparing a letter to send to 350 UK companies that outlined the company's concerns including issues such as the calculation of year-on-year pay rises and pension contributions.
According to JPMorgan's calculations, the year-on-year decline in industrial profits has ebbed from a dreadful 37% in February to a still awful 21% in June.
Year-on-year, it rose by 0.2%.
Year-on-year figure.
Industrial production fell 18% year-on-year.
Both numbers are declining year-on-year.
The sharpest burglary drop was between 1997 and 2001/02, at 39.5%—an average 10% per year during this short period (authors' calculation from Figure 10, ibid).. Despite some fluctuations from year to year, the underlying trend has remained fairly stable since 2004/05, at around 700,000 incidents per year with non-statistically significant year-on-year variations.
Year on year, the same problems existed.
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