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What's the fuss about the weakening of China's growth rate? When they slow down, we do too.
Further, the East Asia Forum reports:
Growth of Chinese GDP has decelerated from 9.6 per cent a year ago to
7.8 per cent in the first half of 2012. But, Huang notes, the government
has remained calm about this gearing down, with only minor adjustments
in policy that aimed at stabilising growth. The Chinese government’s
‘policy paralysis’, as it’s been called, appears odd given the emphasis
on GDP growth in the past. A common interpretation is that policy makers
are ‘way behind the curve’ because of the once-a-decade leadership
transition.
Read the entire article:
The fuss about China's growth rate