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The Simple Math of Chinese Staggering growth

Posted on July 28, 2009

Chinese non-export economy grew 23% in June!Before you start googling for that number, let me warn you. You won t find it. I ve computed it using fifth grade math.Here is what we know: exports constitute about 35% of the Chinese economy and they dropped over 20% in June, while the Chinese economy (GDP) grew 8%. So the X is the growth rate of 65% of Chinese non-export economy.0.35 x (-20%) + 0.65 x (X%) = 8%. If you were to solve for X you get 23%.Enough with math, let me put this number in perspective. Chinese non-export economy grew at 3 times the rate of their GDP. I only h...

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