China's Slowdown
So China has slow
down, to 9.9% growth rate, that is a still a respectful number although less
than previous years. Much of news I have read so far is really negative.
Although I think it is a welcoming change. First, inflation danger that China
faces will cease as commodity prices drop and investment heat fades. The bigger
welcome will be the change in GDP growth. For the past couple years, China has
depended on fix investment and export to grow, ultimately those growth are
unsustainable. Now the slow down offers a chance for the economy to adjust
itself, to a consumption-driven economy. With the right policy and incentive,
China's prosperity is golden. Now we just have to watch and
see.
