Is China our savior?

China is the topic du jour ahead of Obama visit next week. The rest of the world is relying on the Chinese economy to pull the global economy out of recession and back into growth. North America propelled the last global boom, now its their turn. The Chinese with a capitalistic expansion propelled by a system they still refer to as ‘socialism with Chinese characteristics’ continue to thrive with a supposedly annual GDP growth of +8.9% in the 3rd Q.

However, individuals argue that inconsistencies in Chinese official statistics may indicate that the Chinese are simply cooking their books.

These self-styled China bears take the less popular view: that the much-vaunted Chinese economic miracle is nothing but a paper dragon.

The Business insider

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell