Recently, I read about a number of storiesreporting China'seconomic growth is hitting the bottom line because its new growth rate slows to7.5 percent. Though I also feel that China'sgrowth slows down too quickly from its double-digit growth rate, I think 7.5percent is also a miraculous work of the Chinese government given the overallglobal depression and the comprehensive social transformation now taking placein China.
The Chinese government says 7 percent isthe bottom line for it to achieve a moderately prosperous society by 2020. I thinkeconomic restructuring may cost Chinasome growth in the short term, but in the long run it's good to the economy. Ihate to use big word, but I believe economic growth and restructuring are adialectical unity. Chinacan not achieve sustained growth without appropriate restructuring.
What's do you think of the 7% bottom line of China's growth?