For comparison, over the same period the volatility of inflation and real GDP growth in the United States was 1.3 and 2.1 percentage points respectively. 9  See Issing (2006).
They say that the world’s centre of gravity has shifted to the east, suddenly and dramatically. Even someone like myself, with more than a passing knowledge of Chinese history, culture and policy, has been astounded by the transformation. The images I see on TV daily are of an utterly different country to the one I visited in 1980.