Wednesday, September 02, 2015

4-5% is a pretty good result when you think about it

Worth a read from someone actually on the ground in China


Best quote in the entire article
"The Chinese economy has grown so fast for so long that it is now growing off a high base as the second largest economy in the world.  Growth of 5% is almost like adding a Korea or a Taiwan sized economy every year to a population whose workforce has already peaked.  The deceleration might scare some people, but a disaster it is not".

- http://www.caterergoodman.com/is-china-facing-a-lehman-moment/