💨 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 🤖
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