I am not an economist and I would not know how to challenge the figures we get but my gut tells me that China is not only not growing but that it’s already shrinking in real terms. If one was able to replace the current set of assumptions on the China balance sheet with real market values, he must come to that conclusion as China cheated on growth figures for years now. Just think what impact that will have longterm on China’s new environmental policy? And on their future energy consumption.
Richard Harris says China’s decade of development was in the 2000s and as its economic growth inevitably slows, the real target for Beijing is to keep improving its GDP per capita to enhance quality of life for ordinary citizens