Sunday, February 27, 2011

China lowers growth rate target in sustainability drive

http://www.bbc.co.uk/news/world-asia-pacific-12589757

China has decided to lower the economic growth rate goal to 7%. This change, is merely to recognize that China is looking for more sustainable growth, as the growth rate has passed the 8% goal for the past 6 years.
Considering a previous article I posted which looked at all of the problems with China's fast growth rate, it is comforting to note that the Chinese government is at least making motions to deal with this issue.

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