Economics
Is Xi's Economy More Distorted Than Mao's? Goldman's Ha Says Yes
- Ha says investment higher as portion of GDP than in 1958
- Yuan seen as overvalued and set to depreciate in coming years
China 'Lowflation' Keeping a Lid on Prices
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China’s economy has more imbalances today than it did when Mao Zedong’s Great Leap Forward campaign contributed to a crash half a century ago, according to Goldman Sachs Group Inc.’s Ha Jiming.