While neighboring countries have struggled to recover from the Asian financial crisis of the late 1990s, China has been claiming economic growth rates of 7 percent or better in recent years. But a Pitt economics professor says those claims are exaggerated — so much so, that China's growth since 1997 may have been only 40 […]
China exaggerated economic growth, prof's research shows >
May 2nd, 2002Who stands to lose? >
May 2nd, 2002Who stands to lose from China's exaggerated reports of economic growth? Probably not U.S. and other foreign investors, according to Pitt economist Thomas G. Rawski. "Many foreign firms invest in China because it's part of their global business strategy," he s aid. "They need a presence in China, and they don't pay much attention to […]