Good News Is Bad News for China

Healthy GDP numbers mask an economy that's not rebalancing.

China is still awash in steel.

Source: AFP/Getty Images

On Monday, the Chinese government will once again try to convince the world its troubled economy is not that bad off after all. Third-quarter GDP data will be released, and whether the growth rate beats or misses consensus estimates, it's likely to be touted by the government as proof of the economy's continued resilience.

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