Sunday, July 28, 2013

Don’t Believe Chinese Economic Data

You knew that, right?

No one is claiming that China isn’t growing, or that it isn’t big and getting bigger.

But, having said that, the data by which we measure that isn’t any better than propaganda.

Here’s my prediction for my students’ adult lives: the big threat to America is not being overtaken by China, instead it is how the world deals with another very large economy doing what Japan has been doing the last 25 years … basically, not much at all.

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