The alternative that seems more promising is that of identifying the possible fundamental causes of lower economic growth in order to eradicate them and foster a return to the secular growth path.
But even if the GDP growth rate is closer to 5% in 2015 – a significant drop from currently reported rates – the increase in output “will add almost one and a half Thailands to China’s economy this year”. These arguments simply remind us that China is already a large economy whose economic engine happens to be traditionally stronger than most.