The Traderszone Network

Published in TZ Latest News 17 July, 2015 by The TZ Newswire Staff

China’s slowdown is worse than you think

On the surface at least, China’s economy grew at a respectable 7 percent in the second quarter, beating expectations and right on track for the government’s annual growth target. When GDP is unadjusted for price changes — known as nominal GDP — growth is running 2 percentage points weaker than last year, according to data compiled by Bloomberg. One reason being touted to explain the gap is that China miscalculates the so-called GDP deflator, a broad measure of prices in the economy.