A woman chooses fruit at a supermarket in Huaibei, in China’s Anhui province. China, already at the upper range of middle-income economies, is expected to break into the “high-income” category by 2023. Photo: Reuters
Chen Zhao
Opinion

Opinion

Chen Zhao

Why there’s no reason to be bearish about China’s slowing economy – just look at the big picture

  • Those disappointed by China’s economic data need to put the facts in perspective, as higher income levels go hand in hand with lower growth rates
  • Industrialising the rest of China’s huge rural labour force will provide enough momentum for productivity gains in the years ahead

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A woman chooses fruit at a supermarket in Huaibei, in China’s Anhui province. China, already at the upper range of middle-income economies, is expected to break into the “high-income” category by 2023. Photo: Reuters
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