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My current favourite blogger is Michael Pettis, professor at Peking University’s Guanghua School of Management, who, in his latest post, makes a very worrying point below.
As an aside, and without wanting to take the 1930s analogy too far, this …
According to this article from The Economist, total China exports account for less than 10% of China’s GDP when “value add” is stripped out – much less than the headline 40% figure for 2007, which includes imported and domestic inputs. …