Bloomberg Businessweek

China’s Real Economic Problem

• Policies to stimulate growth may jeopardize long-term competitiveness

China bulls could be forgiven for some self-congratulatory back-patting these days. The country’s gross domestic product expanded 6.9 percent in the first three months of the year, the fastest rate since the third quarter of 2015. China is showing “marked improvement in economic performance, and major economic indicators have continued to move in a positive direction,” Premier Li Keqiang told global business leaders at a World Economic Forum meeting in Dalian on June 27.

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