Matthews Asia: Just How Bad is 7% GDP for ChinaGuest Post
Irrational Expectations For China's Economy by Andy Rothman, Matthews Asia
Do we have irrational expectations for the Chinese economy? On the one hand, we asked China to restructure and rebalance its economy, and it has delivered. It shrunk its state sector, and privately owned firms now account for more than 80% of employment and almost all new job creation. Almost all prices are set by the market. Investment growth is slowing and consumption . . .
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