China’s Slow-Growth Opportunity

China’s Slow-Growth Opportunity

BEIJING – After four disappointing years, Chinese economists have realized that slowing GDP growth – from a post-crisis peak of 12.8% in 2010 to about 7% today – is mainly structural, rather than cyclical. In other words, China’s potential growth rate has settled onto a significantly lower plateau. While the country should be able to avoid a hard landing, it can expect annual growth to remain at 6-7% over the next decade. But this may not necessarily be bad news...see more

Voccabulary:

1. Per capita: adv -total per person GDP;

1. a hard landing: (n) - an expression in economic study;

1. Whereas: conj- in contrast or comparation with the fact that;

1. Point out: v - to show someone about smt;

1. Capital intensity: n - the total amount of capital needed per dollar of revenue

1. leverage; affirm; crucial - important;

1. Undermine: v - damage;

1. Inefficiency, Exacerbate - make worse.