Is the Chinese Economy about to burst?
Reports
These are quite interesting times for China. After several decades of unprecedented economic boom, the Chinese central government in Beijing recently acknowledged the gradual decline of economic growth, and that it must take measures. President Xi Jinping expressed the opinion that economic stability is more important to the country than a high rate of GDP growth. The central government subsequently announced its decision late last year to accept GDP growth rates lower than 6.5%.
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