China economy larger than previously stated- Richard McGregor

From the Financial Times:

China is poised to announce its economy is significantly larger than the government’s official measure following a national economic census which found a large underestimation of the country’s thriving and largely private services sector.

The revision is also expected to show the economy is less reliant on investment and more driven by consumption than previously projected, two trends which that Chinese leaders have been trying to encourage.



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