China bears like to point to flatlining electricity output as proof of the country's sharp...

|By:, SA News Editor

China bears like to point to flatlining electricity output as proof of the country's sharp growth slowdown, but what if it's just signaling a shift to a more services-based economy? Suggesting China has gone from Indonesia last year to Switzerland this year is "a little bit of a reach," says Michael Parker, not buying the argument.