China’s Economy Outgrows U.S. as Deficits Improve — SkimNews
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- Trump said China was headed for “big trouble,” yet China’s economy is growing faster than the U.S., directly contradicting his warning.
- China is moving its deficits in the right direction, even as the opinion warns that Chinese statistics can be manipulated and markets cannot be fooled forever.
Why it matters: Fortune’s assessment puts Trump’s warning in tension with the reported numbers: China’s economy is growing faster than the U.S., while its deficits are moving in the right direction. The important qualification is that China can manipulate statistics even though markets cannot be fooled forever.
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