What is China’s GDP? To answer this question, Michael Pettis, professor of finance at Peking University’s Guanghua School of Management argues GDP, the statistics supposedly able to measure both on growth and ability to service debt, never perfectly achieved so (building a bridge to nowhere counts the same as building a much-needed bridge). But this is particularly problematic with China given “the huge amount of non-productive activities were counted as growth inside China.” He also points out another fundamental issue with China’s GDP is that mo
What is China’s GDP? Glass-Steagall for tech?
What is China’s GDP? Glass-Steagall for tech?
What is China’s GDP? Glass-Steagall for tech?
What is China’s GDP? To answer this question, Michael Pettis, professor of finance at Peking University’s Guanghua School of Management argues GDP, the statistics supposedly able to measure both on growth and ability to service debt, never perfectly achieved so (building a bridge to nowhere counts the same as building a much-needed bridge). But this is particularly problematic with China given “the huge amount of non-productive activities were counted as growth inside China.” He also points out another fundamental issue with China’s GDP is that mo