China in 2015 is a very different economy from even just 10 years. China has changed far more than the world has in this time. To point out the obvious, a 7% growth rate is of course lower than an 8% one. So, whatever good comes from a 7% growth rate, at the margin a growth rate a little higher will be even better. But, quantifying the changes that have taken place in the global economy, in the new world order a 7% growth rate for China means something even more positive than did a 12% growth rate ten years ago.
via Some Simple Arithmetic on China’s Growth Slowdown | DQ-en.


You must be logged in to post a comment.