A recent report has raised concerns over China’s economic trajectory, dismissing official growth figures as ‘fake’ and warning of a looming crisis fueled by growing debt and shifting demographics. The report, citing US think tank Rhodium Group, rebuffs China’s government claims of 5% GDP growth, asserting that the reality may be closer to 2.5–3.0 per cent. Experts highlighted the twin challenges of surging bad debt from a burst bubble and a population imbalance due to low birth rates and an aging populace. Contradicting China’s economic narrative, the report underscores persistent deflation trends, continued real growth outpacing nominal growth, and a…
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