Commentary Although China appears to have had an impressive first half of 2021, appearances, as we all know, are incredibly deceptive. After all, if the country’s economy is as impressive as we have been led to believe, then why is it failing hundreds of millions of its citizens? If I were to ask you the best way to gauge the health of the economy, what would you recommend? Eminent, highly-respected economists point toward GDP, or gross domestic product, as an effective tool for gauging the financial temperature of a country. GDP, as you are no doubt aware, indicates the market value of all goods and services produced in a given period of time. In order to determine whether a nation’s economy is growing or receding, economists turn to GDP. The stronger the GDP, we’re told, the stronger the country. At first glance, that’s good news for China. With glances, however, …
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