China's Potemkin Rise

China's Potemkin Rise

Instead of harping on Chinese GDP numbers, we should instead scrutinize the quality of China’s rise. Quibbling whether the Chinese economy has been growing at double-digit or not is uninteresting since one undeniable fact is that whatever measurements of speed we use, the Chinese economy has grown many times larger. The real issue today is not the size of the Chinese economy and the rate of its growth, but its inner strength and quality.

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