The frail pillars of Chinas economy on October 24, 2016China’s third-quarter GDP-growth figure of 6.7%, announced Wednesday, would have us believe that the country successfully rode out the storms of 2015 and early 2016. Yet this headline number gives a misleading picture of the real economy. Our firm’s China Beige Book (CBB), a comprehensive survey of 3,100 companies, suggests that the country’s growth became […]