Is the Chinese Miracle Over?
From US-led “decoupling” to unfavorable demographic trends, the impact of the most-cited factors affecting China’s growth prospects is probably overstated. Instead, the recent weakness of China’s economic performance largely reflects the temporary costs of necessary policy interventions.
BEIJING – China’s economic performance over the last year has been disappointing – so much so that some observers argue that growth has already peaked, and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.