Red Ponzi June Update: Growth Still Declinning Beneath the Noise

That seems to be the selling point of “managed decline.” At certain times, you can focus on the small acceleration or upside aberrations all the while rationalizing or dismissing the record lows surrounding those points. You can choose to emphasize the “managed” part if you want, and China’s government especially now wouldn’t be unhappy if that’s the way you’ve elected to view it, but even then it still doesn’t remove the “decline” from the process.