By Michael Pettis This post first appeared on China Financial Markets at the Carnegie Endowment for International Peace and has been cross-posted with the permission of the author. The Chinese economy is not growing at 6.5 percent. It is probably growing by less than half of that. Not everyone agrees that the rate is that low, of course, but there is nonetheless a running debate about what is really happening in the Chinese economy and whether or not the country’s reported GDP growth is accurate.
What Is GDP in China?
What Is GDP in China?
What Is GDP in China?
By Michael Pettis This post first appeared on China Financial Markets at the Carnegie Endowment for International Peace and has been cross-posted with the permission of the author. The Chinese economy is not growing at 6.5 percent. It is probably growing by less than half of that. Not everyone agrees that the rate is that low, of course, but there is nonetheless a running debate about what is really happening in the Chinese economy and whether or not the country’s reported GDP growth is accurate.