3 bullet points on China’s slowing growth?

  • Currently slowest growth rate in 24 years (7.4%), but still very high, and now world's largest economy in terms of purchasing power.
  • Has completed its move from a low income to a middle income country (move was export-let, credit-fuelled, investment-driven, but reliant on low wages, real estate construction and polluting industries).
  • Now needs to find other sources of growth, like domestic demand.
2221

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