Talent Mobility in China

Economists have been reporting for the past several years that China’s economy is slowing. Recent reports put China’s 2016 GDP growth at 6.7%. Although this is better than many economists’ predictions, it is a sharp reduction from the double-digit growth in GDP seen in the previous two decades. Estimations of the China economy based only on the GDP, however, fail to recognize how complicated this slow growth really is. In October, The Economist reported that property sales and corporate earnings are still strong and; “prices of goods started rising after a four-year period of deflation.” Yet, the Financial Times recently reported that “[c]onsolidated net losses reported by companies listed in Shanghai and Shenzhen for the first half of 2016 total 62.6 billion RMB (US$9.38 billion)…an increase of 23.5% year over year.”