It’s hard enough trying to figure out what’s really going on in Western economies, despite the plethora of statistics and information of every conceivable kind to hand. When it comes to analysing the Chinese economy, the task for journalists is particularly arduous – and important. Once upon a time when America sneezed Europe caught a cold. If China now sneezes the West will have to reach for the tissues. And/or be ordered to bed for a few days.

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