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Assumption about China economy 2

  • Author:Brenda Chang
  • Source:Kekenet
  • Release on:2014-12-14
It is the wrong question, according to an influential paper by US economists Lant Pritchettand Lawrence Summers .According to them only rarely in modern history, have countries grown at “super-rapid” rates above 6 per cent for much more than a decade. However China has managed to buck the trend since 1977 by harnessing market forces, engineering possibly the longest spell “in the history of mankind”. 

But what goes up, the authors tell us, must eventually come down.This make me a little worry about our country’s future.

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