Slowdown: A Sign of Progress in Economic Transition

There is no need to worry about the slide in China’s GDP growth and its turbulent financial markets, because the market economy has taken root across the country — a market of 1.4 billion consumers. Pressures from regional setbacks can be absorbed by the greater national economy, as long as the government pursues its transition from a real estate-driven economy.

Yi Xianrong, Researcher, Chinese Academy of Social Sciences via CHINA US Focus http://ift.tt/1PREeeq