When I saw that officially China was showing 5.2% GDP growth, I thought firstly that the world may be righting the ship but the more you know about China, the more that number means nothing. The economy in China is really not good right now considering that the housing market crash is coming with virtually every middle class Chinese person having their retirement money tied up in ghost cities. This is going to get worse before it gets better and you'll see it in consumer spending.
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