We regularly read that China's economy is growing at 8% a year or 9% a year or some other impressive-sounding rate. These are simply numbers that China's government concocts for public consumption; they don't reflect what's really happening. It's possible that right now China's economy is not growing at all and it's certain that a significant part of the growth of the past several years is a monetary illusion rather than something sustainable. Full story
OPINION: China's growth 'bubble' is about to burst - Steven Saville
We regularly read that China's economy is growing at 8% a year or 9% a year or some other impressive-sounding rate. These are simply numbers that China's government concocts for public consumption; they don't reflect what's really happening. It's possible that right now China's economy is not growing at all and it's certain that a significant part of the growth of the past several years is a monetary illusion rather than something sustainable. Full story
