China’s Economic Targets Look Fine on Paper |
The slowest expansion in almost four decades isn't usually the sort of thing that leaders are comfortable foreshadowing. For all the strain China’s development model is now exhibiting, the worst projections since 1991 don't spell disaster. But they will take hard work to achieve.
The economy is contending with powerful forces holding it back: A sluggish recovery from a property slump and sub-par consumer spending — not to mention a battle with deflation. Shipments abroad are one of the few areas really thriving.