Despite the impressively massive growth of China’s economy over the last few years, it is becoming evident that progress is slowing. Quarterly reports of economic growth from this year have been rel...
atively steady at 7.7 and 7.1 percent, but this is also the 5th quarter in a row that expansion has remained below eight percent. Some consider this to be a clear sign that the country is struggling to maintain previous growth records. Some experts are even predicting that expansion will drop to 5.6 percent growth by the end of the decade, until it finally tapers off to somewhere around three percent (a figure typical of other OEDC countries).
How did China grow so quickly in the first place? Investments in education, agriculture, exportation, and trade tariff reductions all played a role. There were, however, consequences of such rapid growth. The following infographic outlines some of those consequences, provides additional details about how the China’s economy grew so fast, and forecasts the economic future of the country.
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