China has experienced a ridiculous amount of growth. But things seem to be slowing down for the emerging market, and will continue to do so — from 10% to 7.5% GDP growth, a substantial dip. So should China, and the rest of the global economy, be alarmed at this trend? Maybe not. Yes, China is dealing with some some real economic issues — too little consumer spending, corruption, spending, the list goes on — but it's in much better shape than it looks, and has reason to be optimistic. Why? The slowdown is a common growing pain for nations who have broken into the world's elite. China, in other words, isn't so much in decline; it has only just arrived.
No comments:
Post a Comment