The ABCs of PRC GDP

Chinese premier Li Keqiang startled global investors by declaring at a forum in Phnom Penh Wednesday that in 2017 China grew at a rate of around 6.9%.

Li’s statement was a surprise for two reasons: China wasn’t expected to announce a formal growth figure for 2017 until January 18. Li’s growth number was at least a tenth of a percentage point higher than estimates of global analysts. China’s annual growth rate has been slowing for the past decade and wasn’t expected to turnaround....

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