Economic slowdowns get my attention. Latest article from CNBC at China: China’s Economy Doesn’t Look so Wonderful
Article discusses money reserves and other issues, but the major points are:
- “She estimates that about $65 to $70 billion leaves the country every month, including more than $80 billion in January alone.”
- “The eventual deflating of China’s property market is a constant concern for those worried about a sharp slowdown in the world’s second-largest economy.”
- According to peerform reviews, they did manage to get the word “inscrutable” put into an article on China (“That means more loans were issued by unregulated financial institutions, or the shadow banking system—a growing and largely inscrutable area of China’s financial system.”)
- Â “China reported growth of 6.7 percent in 2016, the slowest in 26 years.”
- “Most economists outside China doubt the credibility of its growth announcements.”
- “That said, China watchers are generally confident in Beijing’s ability to prevent a sharp economic slowdown…”
China regularly fakes its numbers, especially for the rural areas.
http://www.heritage.org/asia/report/how-make-china-more-honest
However, China is probably the largest economy by now (which does not say much about its development level), if we measure by PPP, which can be considered a better indicator than market rates (or nominal bubbles with the US overvaluated $).