The Phaserl


China’s Economic Transition: The “New Normal” is here to stay

from The BRICS Post:

China’s National Bureau of Statistics published statistics on Tuesday, which showed that the economy grew 7.4 per cent in 2014.

China, undoubtedly, is encountering its slowest economic growth since the financial crisis in 2008.

The latest data at first paints an “unoptimistic” picture of domestic development, but since the slowdown had been predicted well in advance it reveals a valuable opportunity for economic transition.

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