Is There Really A China Economic Miracle?

What is behind the Chinese miracle compared to the poor eurozone? A planned GDP. The GDP of China is dictated by production , not demand . It is not an observed GDP, but rather planned by the government together with the provinces. For this reason, many analysts scrutinize the data and deduct various factors, including the increase and valuation of inventories. It is not by chance that inventories of iron ore, automobiles and finished goods have risen to the highest level in seven months as the economy recovers. If the economic situation were in the announced expansion, inventories would be…