Making sense of Chinese economic data

China’s economy is transforming rapidly and the traditional economic indicators are less important than they used to be. It’s time for analysts to change their focus.

For a long time, analysts and economists believed 8 per cent economic growth in China was necessary to create enough jobs to maintain social stability in the country. But China has fallen short of that line a few times now and there is no unemployment crisis. If anything, there is evidence of skills shortages in some parts of China.

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