Swanson: China’s GDP Growth: Is 5% a Fabrication?
Is China’s economic Growth a Façade? Examining teh ‘Potemkin Economy’ Concerns Recent economic data from china, including a reported 5% growth rate in 2023 [Reuters], has sparked debate about the true health of the world’s second-largest economy. The term “Potemkin economy” – referencing the historical practice of building fake villages to impress Catherine the Great … Read more