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
Topic |
China economy
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