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China's economic rebalancing act

China is undergoing a transformation from the exporting workshop the world to a more balanced economy where consumption will match saving. This will be a rocky road. The data coming out of this huge country will need to interpreted differently in the light of these changes. This article is by far the most thoughtful and interesting I have read on the subject.

http://blog.mpettis.com/2014/09/what-does-a-good-chinese-adjustment-look-like/
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