China’s economy: Slowness is in the eye of the beholder
China’s growth rate for 2018, which was announced on Monday, gave rise to pessimistic headlines. At 6.6%,Now that says nothing about the extent to which Beijing's accounting methods have been puffing up China's growth rates lo these many years, but The Economist has a good point. If you're going to accept the data at face value, then you have to accept that the weak growth rate is relative.
thanks[due] in part to a trade war with America, it was at its weakest since 1990. But a closer look at the data gives reason for optimism. China’s economy is growing from a much larger base than before and domestic demand has more than plugged the gap from a falling trade surplus. Though there were some worrying signs, China’s economy remains buoyant.