Is China’s economy only 40% (!) of what we supposed it was and the official figures indicated?
A well researched study by Prof. Luis Martinez, from Chicago, shows impressive evidence that China has been overstating GDP growth for decades. This compounds to a dramatic overstatement of 250%!
What are the implications for its prospects now that growth is evidently slowing down?
The real estate crisis is much bigger than everybody thought.
The debt ratio is much higher than that of the US and Japan.
How will China cope?