Via Business Insider comes a report from NAB that says the Chinese economy may be far larger than what we think
Says NAB:
- "The accuracy of China's economic data has often been called into question ... However less attention is paid to the country's out-dated national accounting methodology - which may instead understate the overall scale of China's economy
- Moving to the international standard - already planned but delayed - could show that the transition in China's economic growth model has progressed further than previously understood."
More at the link, above