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Title: Misreading China's Economy
Author: Edoardo Campanella
Narrator: Kevin Stillwell
Format: Unabridged
Length: 11 mins
Language: English
Release date: 02-29-16
Publisher: Foreign Affairs
Genres: Newspapers & Magazines, News & Culture
Summary:
Januarys global stock market rout was initially triggered by mounting concerns over Chinas shrinking industrial sector. But such concerns are unjustified. By now, it is clear that Beijing is doing everything in its power to rebalance its economy from industrial to service-based. In 2013, services overtook the industrial sector in both total size and pace of growth, and they now account for almost 50 percent of Chinas GDP. Yet the analytical tools that we use to assess Chinas performance havent caught up with the structural changes now under way, which means that observers can easily get China wrong.
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