China's Trade Suppices Are on Track to Reach 15% of GDP

China's trade supplices is on track to march historic records of 7% to 8% of GDP. Michael Pettis estimates the Chinese trade would need to expand by 3% of Chinese GDP each and every year. The best boost consumption share of GDP is ridiculously low, it sits at 40%. That's the problem. For the state to succeed, the state must shrink.