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New normal
Qualitygrowth (Canada)
China's GDP in 2010 was $6.05 trillion. By 2014 the GDP has growth to $10.4 trillion. That's still far behind the US's $17 trillion GDP economy built over 200 years. However, the Chinese achievement is already the envy of the world.
Although growth has slowed, it reflects a welcome rebalancing away from the low margin "factory of the world" growth model to a "quality and innovative growth" era. Growth isn't always good. The quality matters.
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A Chinese worker assembles a new energy car on the assembly line at an auto plant in Zouping county, East China's Shandong province, Dec 16, 2014. [Photo / IC] |
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