Everybody knows that China’s economy, just like Russia’s is badly overstated. But by… FORTY PERCENT??
It’s actually possible that this sort of news will help the reformers: after all, WoC very rightly points out that a lot of what’s holding China back isn’t technological (they’re smart and they learn fast), but a culture that consistently seems to under-rate what our businesspeople call “best practices.” And you can’t get any of that without encouraging transparency, etc.
Hat tip: Winds of Change