Kirk (US)
I bet 7 percent growth of a world' second largest economy is still bigger than 14 percent growth when China was emerging as a Third World country. A14 percent growth back than is a drop in the bucket in the world's economy, but a 7 percent growth of the current Chinese economy is still a driving force and generates lots of employment. Growth is growth. Unless it goes negative or contraction! Otherwise it is not realistic to have double digit growth forever. When Chinese economy mature, it should approach 3 to 4 percent like the US.
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Chinese workers look on as metal building materials are lifted at a construction site in Beijing, China, 28 January 2015. Despite a slowdown in economic growth to 7.4 percent in 2014 and an economic growth forecast of 6.8 percent issued by the International Monetary Fund for 2015, China is looking to create some 10 million new jobs in 2015 as part of measures for economic stability. EPA/ROLEX DELA PENA |
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