China will continue to struggle with weak demand for the rest of the year: Professor

Michael Pettis, finance professor at Peking University, says Chinese imports were driven by investments, not consumption.

[@LumenMichaelOne]

Thank you Professor Pettis for covering yesterday's (China) data. Thank you CNBC International for inviting the Professor on.

[@BrandyHeng007]

China a nation that failed to fail. China's GDP expanded 5.3 percent year on year in the first quarter (Q1), with domestic consumption contributing 73.7 percent to economic growth.

[@valetudo1569]

GDP is a horrible measure of value creation, especially in a state run economy focused on that number rather than real value. I live in China and jobs are hard to find right now - not just where I live but in most places. Wages are flat or actually down. How can this be possible in an economy growing 5%? Because if you dig a hole and fill it with cement - that is also GDP, but it gives very little value.

[@valetudo1569]

@@roberts2697 I love these nonsensical comments from people who don't understand trade surpluses and deficits. I'm not even going to waste my breath trying to explain to you the stupidity of your comment. Go look up Michael Pettis and read a little bit about what his argument is, come back to me, and then we'll talk.

[@SSYlist]

So China's economic data is solid now? No more foul play? 😂

[@BrandyHeng007]

China’s June exports rose 8.6% year-on-year, exceeding analysts’ expectations and pointing to higher-than-expected GDP growth for the second quarter

[@eliso5973]

China will continue to struggle? Tell that to Meloni.

[@Trueye-sl2mr]

Nutty professor