💨 Abstract

China's economy is facing a slowdown, with growth dropping from 6.5% before the pandemic to 4.6% now, and concerns that the official growth number is overstated. The slowdown is attributed to declining Total Factor Productivity (TFP), a shift towards real estate, structural issues in capital allocation, and an overreliance on resource extraction.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖