Earlier quoted context omitted.
By the same token, there's no reason to think they'll fall anywhere near or under 5% in the near future. They have 1.5 billion people with a higher average IQ than the US with a strong educational culture, increasing economic opportunity with a lot of i's to dot in various industries, their per capita is still a fraction of that of a developed company, and there are another 1000 reasons to paint a fuller picture beyo…
>By the same token, there's no reason to think they'll fall anywhere near or under 5% in the near future. Why? It's fallen 6 points since 2010. The OECD long term forecast puts it at 5% in just 2 years, and predicts it will drop down to around 3% within 10 years. This is without any serious problems. These numbers are also based on official GDP estimates, and there are studies that estimate that China's GDP is 30% lo…
I won't debate any further because clearly I'm going to get downvoted for doing anything other than linking a business insider article on why chinese local debt is going to collapse tomorrow in the HN echo chamber. If you want to believe it's inevitable China is going to plateau in rapidly, by all means.