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Conventional Wisdom Wrong on China Economic Slowdown, Lardy Says

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We Have a Bearish Outlook on Renminbi, Says RBC's Lignos
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The idea that China’s economic growth is slowing, leaving Beijing little option but to cave in on the trade war with the U.S. is widespread -- but it might well be wrong, according to a U.S. think tank.

“The reality is that, as has been the case for the last few years, the case for China’s imminent economic difficulties is overblown,” Nicholas Lardy, a China expert at the Peterson Institute for International Economics in Washington wrote in a recent note.