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What do you think of the bottom line for China's GDP growth? [Copy link] 中文

Rank: 4

Post time 2013-7-25 09:40:17 |Display all floors


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?


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Rank: 1

Post time 2013-7-25 14:36:15 |Display all floors
Yes, the chinese GDP growth is slowing down, It was 13% in 2007 and it has slowed down to 7.5% in 2012 and 2013, No one can deny that; However, to claim that the chinese economy is collapsing simply because if a slow in its GDP growth is simply not true. The slow growth that China is having now is due to the Global Economic Crisis and the Eurozone Crisis. China's Exports are
Chinese Exports partners are: US 17.2%, Hong Kong 15.8%, Japan 7.4%, South Korea 4.3%, Germany 3.4% (2012 est.), If there is a slow down in the US economy for example, our exports will decrease and this will affect our manufacturing and exports and will certainly cause a slow down in the GDP growth.

Look at the numbers below, as you can see the economy of China slowed from 1997 to 1999, influenced in part by the Asian Financial Crisis, with official growth of 8.9% in 1997, 7.8% in 1998 and 7.1% for 1999, but later on the chinese GDP growth had a rebound and it regained its momentum. I believe we will see the same recovery of the GDP growth pattern once the world economy recovers.


year

GDP growth rate in (%) - China

1991

9.20

1992

14.20

1993

14.00

1994

13.10

1995

10.90

1996

10.00

1997

9.30

1998

7.80

1999

7.60

2000

8.40

2001

8.30

2002

9.10

2003

10.00

2004

10.10

2005

11.30

2006

11.60

2007

13.00

2008

9.60

2009

9.20

2010

10.40

2011

9.30

2012

7.80




I am not saying that Chinense government shouldn't do any investments or restructuring in its economy, I still do believe these are nescessary for the long term, yet i disagree with those who claim the chinese ecnomy is on the verge of collapse

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Rank: 3Rank: 3

Post time 2013-7-26 09:42:30 |Display all floors
who cares if the growth rate is lower as long theres growth. japan's economy was stagnant for decades and i dont see them collapsing. just western media obsession with the collapse of china by gordon g chang

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Rank: 8Rank: 8

Post time 2013-7-26 09:46:17 |Display all floors
shokenchi Post time: 2013-7-26 09:42
who cares if the growth rate is lower as long theres growth. japan's economy was stagnant for decade ...

>7% growth!

Jest Us Crys! Hellalujah!

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Snowipine

Rank: 5Rank: 5

Glod Medal Blogger of 2013

Post time 2013-7-26 13:53:36 |Display all floors
The macropolicy for the adjustment is what the time's requirement, over-depend on the GDP growth will hurting the quality and sustainable future comprehensive delelopment of the national economy, this points is suited to the reality, i think it's reasonable.

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Post time 2013-7-26 21:29:36 |Display all floors
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Roach Exterminator

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Rank: 8Rank: 8

Post time 2013-7-26 22:24:50 |Display all floors
And always has to look over his shoulders
I'm just here for the money

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