China’s Growth Trajectory Depends on Political Calibrations – The Wall Street JournalPosted: October 23, 2013
Xi’s Plans to Shift From Growth-at-Any-Cost Strategy as Big a Factor as Economic Conditions
BEIJING—Chinese President Xi Jinping‘s plans to shift the economy away from a growth-at-any-cost strategy means that China’s GDP rise over the coming year will depend as much on political decisions as on economic conditions at home and abroad.
After China said Friday that its third quarter GDP growth accelerated to 7.8%, year over year, from 7.5% in the prior quarter, Chinese officials said the country would have trouble sustaining the faster pace. Read more following this link…