☆ Yσɠƚԋσʂ ☆ to GenZedongEnglish · 1 month agoI love how the western mind can no longer comprehend the concept of planning for the futuretheweek.comexternal-linkmessage-square12fedilinkarrow-up171arrow-down11cross-posted to: chapotraphouse@hexbear.net
arrow-up170arrow-down1external-linkI love how the western mind can no longer comprehend the concept of planning for the futuretheweek.com☆ Yσɠƚԋσʂ ☆ to GenZedongEnglish · 1 month agomessage-square12fedilinkcross-posted to: chapotraphouse@hexbear.net
minus-squareVampire [any]@hexbear.netlinkfedilinkEnglisharrow-up31·1 month agoIt had a ‘slowdown’ in the sense that it went from 10% annual growth to around 5%. This happened because you can’t grow at 10% forever, they started low.
minus-squareloathesome dongeaterAlinkfedilinkEnglisharrow-up15·1 month agoI think China could possibly grow at 10% still if they adopted awful policies and engaged in number padding like GDP obsessed economies do. But it’s rather that they realise that they don’t need to and they shouldn’t.
It had a ‘slowdown’ in the sense that it went from 10% annual growth to around 5%.
This happened because you can’t grow at 10% forever, they started low.
I think China could possibly grow at 10% still if they adopted awful policies and engaged in number padding like GDP obsessed economies do. But it’s rather that they realise that they don’t need to and they shouldn’t.