Arthur Kroeber is a founding partner of Gavekal Dragonomics, a Beijing-based economic research consultancy firm and subsidiary of Gavekal, a Hong Kong financial services firm for which he is head of research. He is also a non-resident senior fellow at the Brookings-Tsinghua Center, and the author of China’s Economy: What Everyone Needs to Know. In early September, he gave a lecture at the Fairbank Center for Chinese Studies at Harvard, arguing that contrary to international media coverage, Chi