taihanasie

Wed, 26 Nov 2008 12:31:43 +0800

"Someone learned said a while ago, that China's boom/bust line would be at 7% growth." I think it is important to note that the boom/bust line you are referring to is an artificial construction. The idea that China needs to maintain 7 percent growth to avoid social instability is a tool for those who are addicted to super-fast growth. Indeed, there is quite a bit of uncentralised instability now, when growth is around 9 percent. Is the regime threatened? No. This is not to say that instability won't rise much further as growth falls and unemployment rises. But nothing bad will happen by itself if growth ever dips under 7 percent.

Pirx

Tue, 25 Nov 2008 19:53:47 +0800

Someone learned said a while ago, that China's boom/bust line would be at 7% growth.

Shanghaiist: China growth may slow down to 19-year low

taihanasie

Pirx