The world economy is rapidly changing. At one time, the U.S. was the dominant global economic power. By 2018, China is expected to surpass America. Get the details in this article! More...
China's socialist market economy is the world's second largest economy by nominal GDP,and the world's largest economy by purchasing power parity according to the IMF,although China's National Bureau of Statistics rejects this claim.Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years.Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector.
You cant believe all of the economic data which comes out of China - a lot of it is manipulated. For example, during the recent property crisis the local authorities in some cities bought up unwanted stock and re-sold it at a discount to the general public.
Yeah, the Chinese love to cook their books. Jim Chanos is very bearish on Alibaba these days. http://www.cnbc.com/2016/10/25/short-seller-chanos-lays-out-his-bear-case-for-alibaba.html
