Why It is a Loser’s Game to Bet Against China’s Leadership

Moderating growth rates in the range of 5-7% per annum reflect the higher per capita income level and the changing growth paradigm in China. A modest slowdown is a necessary and healthy adjustment for China to transition to a new trajectory of more efficient and sustainable growth. But instead of greeting such a positive "new normal" with enthusiasm, the naysayers have reacted with dismay as though they would rather prefer the old growth model.

Fred Hu Chairman, Beijing-based Primavera Capital Group via CHINA US Focus http://ift.tt/1F1P4UP