Don't write off China: Why one economist says the nation is likely to grow at double the rate of the US in coming years

• China will grow at double the US rate in coming years, Nicholas R. Lardy wrote for Foreign Affairs.
• He argues that many of its gloomy outlooks are based on a misreading of data.
• China's nominal GDP will surpass the US's in a decade as the yuan appreciates, Lardy said.

Doom and gloom outlooks on China are too heavily based on misconceptions, blinding analysts to the country's potential for massive growth down the road, economist Nicholas R. Lardy says.

While many pessimists have by now dismissed China's ability to return to the rapid expansion it enjoyed in pre-pandemic decades, the Peterson Institute senior fellow disagrees: