The Chinese government said it would try to achieve an economic growth rate between 6.0 to 6.5 per cent in 2019, a moderate slowdown from previous years, but nevertheless a much faster rate compared with other major economies. Photo: Xinhua
The Chinese government said it would try to achieve an economic growth rate between 6.0 to 6.5 per cent in 2019, a moderate slowdown from previous years, but nevertheless a much faster rate compared with other major economies. Photo: Xinhua

China’s GDP growth could be half of reported number, says US economist at prominent Chinese university

  • US economist Michael Pettis of Peking University says China gross domestic product is overestimated as bad debt is not written down
  • Best way to solve problem would be to transfer wealth from state sector to consumers, Pettis said

The Chinese government said it would try to achieve an economic growth rate between 6.0 to 6.5 per cent in 2019, a moderate slowdown from previous years, but nevertheless a much faster rate compared with other major economies. Photo: Xinhua
The Chinese government said it would try to achieve an economic growth rate between 6.0 to 6.5 per cent in 2019, a moderate slowdown from previous years, but nevertheless a much faster rate compared with other major economies. Photo: Xinhua
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