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Instead, I think the 8% target was all about marketing China as an investment destination. And now that the official number has dropped ever so slightly below 8, it turns out that the political goal was right: once investors stopped believing that China’s economy would always “maintain 8,” they started to focus on the blemishes.
She adds that, “as China’s export surge receded, the rocks below were exposed”.
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And why she thinks the falling below 8 per cent will be a problem:
ReplyDeleteInstead, I think the 8% target was all about marketing China as an investment destination. And now that the official number has dropped ever so slightly below 8, it turns out that the political goal was right: once investors stopped believing that China’s economy would always “maintain 8,” they started to focus on the blemishes.
She adds that, “as China’s export surge receded, the rocks below were exposed”.