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Michael Pettis: Eight major Chinese provinces report GDP growth above national average

Michael Pettis: Eight major Chinese provinces report GDP growth above national average
Leading Chinese provinces post strong GDP growth

Michael Pettis, economist, professor of finance at Peking University and nonresident senior fellow, shares data showing that Jiangsu, Shandong, Zhejiang, Sichuan, Henan, Hubei, Shanghai, and Anhui reported GDP growth rates above the national average among China's top 10 provinces.

These figures highlight regional economic strength in key parts of China.

Pettis has previously critiqued a McKinsey Global Institute report for confusing debates over global trade imbalances and industrial policy. In another recent note, he highlighted concerns from Stephen Roach that global imbalances could threaten China as they did during the 2008-09 crisis. These observations situate his current focus on regional economic growth within a wider discussion of China's economic resilience.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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