NYT Says 12.4 Percent Growth in China Is "Sputtering"

The NYT had a piece on the release of new data showing China's economy was 7.5 percent larger in the second quarter of 2014 than a year ago. While the piece noted that this is a healthy pace, even for China, it told readers:

"Three of the four cylinders of the Chinese economy — exports, private sector construction and retail sales — are sputtering."

It then went on to explain that the government sector is filling the gap with large-scale lending. Readers were then warned that this pattern can...