1. China's Economic Slowdown
In 1978, the Chinese government commenced economic reforms which saw the economy experience tremendous economic growth. And between 1978 and 2007 the annual growth rate of GDP per capita averaged at 10 percent without any signs of deceleration. As a matter of fact, China accounted for 35 percent of the growth in the world GDP at purchasing power parity prices. In 2007, the country experienced a historical economic expansion of over 14 percent. However, in 2012, the economic expansion eased, with real GDP growth estimated at around 8 percent, but its economic growth was still stable and continu...
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