For the past six years, Chinese economic growth has eased from a high of 10.6% in 2010 to 6.8% in 2016. In fact, the country registered the slowest growth since 1990 in 2016. It is a clear indication that the economy is going through a period of transition, moving away from the traditional industries to a consumer-led economy with services now accounting for 51% of the GDP
WHILE it remains a challenge to understand the headline growth in China, one can conclude the economy is slowing.
For the past six years, Chinese economic growth has eased from a high of 10.6% in 2010 to 6.8% in 2016. In fact, the country registered the slowest growth since 1990 in 2016. It is a clear indication that the economy is going through a period of transition, moving away from the traditional industries to a consumer-led economy with services now accounting for 51% of the GDP.
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