Bloomberg’s Tom Orlik explains that China’s size, growth potential, domestic consumers and high savings rate all help to keep the bubble at bay Tom Orlik is the chief economist for Bloomberg Economics who spent more than a decade in Beijing before relocating to Washington DC. His first book, ‘Understanding China’s Economic Indicators’ was a must-have guide to China’s economic data. Now he has a new book – ‘China: The Bubble …
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Growth
The time for speculation is over: China has revealed the extent of the damage that Covid-19 has inflicted on its economy at the start of this year. The National Bureau of Statistics’s (NBS) data for the first three months of 2020 shows a dramatic 6.8 percent fall in China’s GDP from a year ago. On a quarter-to-quarter basis, the Chinese economy shrunk by 9.8 percent. Industrial production experienced the biggest drop, …