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The services sector is now a larger share of Chinese output than industry.
by saryant 11y ago
The services sector is now a larger share of Chinese output than industry.
- WDCDev 11y agoLast I saw it was about an even when expressed as a percentage of GDP (around 44%). I don't think the that really invalidates my main point. The Chinese have a massive industrial over-capacity that will have to be either liquidated or supported via the PBoC.