Friday, April 28, 2017
I consider China to be a developed country. The growth rate of 6.9% is impressive. I predict to be 5% in the coming years. It is moving from an export-oriented to a consumer and service oriented economy. It will outsource its export to countries with lower labor cost and is no longer renting space to assemble products for foreign countries. The basic infrastructure has been finished. Both will reduce the GDP growth.