"China's economy is bigger, not smaller", by Center for Strategic & International Studies (real estate)
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Broken Abacus? A More Accurate Gauge of China's Economy
1.China is bigger, not smaller
2.The service sector is most problematic
3.Real estate is even more important than currently assumed
4.Structural adjustment started earlier
5.A higher GDP denominator could change policy-relevant ratios
6.China could be the world’s largest national economy sooner than previously thought
7.Knowledge-intensive industries are increasingly important http://csis.org/files/publication/Ro...seEconomy_.pdf