Audio Mises Wire

Home | Mises Library | There Is No Chinese Economic Miracle

There Is No Chinese Economic Miracle

Audio Mises Wire

Tags Economic PolicySocialism

12/07/2020Daniel Lacalle

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

Original Article: "There Is No Chinese Economic Miracle".

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Note: The views expressed on are not necessarily those of the Mises Institute.

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap(2017), The Energy World Is Flat (2015), and Life in the Financial Markets(2014).

He is a professor of global economy at IE Business School in Madrid.