NEW DELHI: Despite a slowing economy, things in China may not be so bad as is projected. Demand for retail goods has shrunk but China is a current account surplus country, which means it produces more than it consumes, says Neelkanth Mishra, Member of PM’s Economic Advisory Council and Chief Economist at Axis Bank. Most of China’s growth in the past decades has been due to supply side factors and exports, he told StratNews Global Editor-in-Chief Nitin A. Gokhale on ‘The Gist’. He also spoke about India’s growing trade deficit with China and why looking to balance bilateral trade is a ‘bad idea’. Tune in for more.
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