Friday, April 28, 2017
China's GDP
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.
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