Estimates by the National Development and Reform Commission suggest that near to half of the total investment between 2009 and 2013 was "ineffective". Photo: Reuters

Smoke and mirrors: Just how big is China's economy really?

Stein Ringen says its phenomenal GDP numbers over the years have not been adjusted for bad debt and inefficient investment, and thus fail to reflect the true state of affairs

Topic |   China economy

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Estimates by the National Development and Reform Commission suggest that near to half of the total investment between 2009 and 2013 was "ineffective". Photo: Reuters
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