“End of an era” for China
China's release of its official GDP growth figures for 2Q10 last week showed the economy heading for the soft landing sought by policymakers, with National Bureau of Statistics estimates citing 10.3% growth, down from 11.9% the previous quarter, and giving an overall half-year figure of 11.1%.
Independently adjusted figures from banks and other commentators pointed not only to a sharper slowdown, but also to the beginning of a long-term secular shift in growth drivers – and consequently investment...
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