Conventional Wisdom Wrong on China Economic Slowdown, Lardy Says

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.