China’s New GDP Measurement: Impact on Growth, Income, and Productivity

For the past three years the rapid growth of China’s service sector has been one of the most positive indicators that internal rebalancing – while slow – is moving in a positive direction. In nominal terms the tertiary industry (i.e. services) exceeded secondary industry (i.e. industry and…

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China’s New GDP Measurement: Impact on Growth, Income, and Productivity

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