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  • China GDP

    China GDP Claims Don’t Matter

    China’s State Statistical Bureau (SSB) announced second-quarter real gross domestic product (GDP) growth at 7.5 percent and first-half real GDP at 7.6 percent. High or low, whether it meets the official target or not, no one should care. GDP is a poor indicator of economic health—anywhere. It is especially poor … More

    China Not Yet Rebalancing

    China has the world’s second-largest GDP, the world’s largest monetary base, and the world’s largest foreign exchange reserves. Its large internal and external economic imbalances can matter a great deal to the global economy. There are claims China is now rebalancing. It isn’t. Claims of rebalancing are based on the … More