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The Simple Math of 'Staggering' Chinese Growth

Posted on July 29, 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....

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