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Monday, April 15, 2013

China's 7.7% Growth Not Too Shabby!

China's GDP grew by 7.7% in Q1 2013, down from 7.9% in Q4 2012.

Were this any other country such a rate of growth would be considered to be excellent.

However, analysts have programmed themselves to expect ever improved levels of growth in China; thus many have been disappointed by the figures.

The reality is that exceptional levels of growth, such as this, cannot continue indefinitely. Given the size of China and its economy, growth in excess of 7% isn't too shabby at all.

The doom sayers need to calm down and take a more measured view.

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