The Chinese economy is undergoing important changes that will shape its future for the better.
These changes are generating a lower GDP growth rate and current account surplus, which has been the main focus of the media in recent months.
However, while this could be seen as a result of a general slowdown of the economy, it can also be interpreted as a transition to a new economic model that would ensure that the Chinese economy continues growing at high rates -although not as high as in the past- in the medium and long-term.
There is one big theme currently driving the changes in the Chinese economy, and this is the development of a large -and still rapidly growing- middle class as a result of years of economic growth.
These changes are generating a lower GDP growth rate and current account surplus, which has been the main focus of the media in recent months.
However, while this could be seen as a result of a general slowdown of the economy, it can also be interpreted as a transition to a new economic model that would ensure that the Chinese economy continues growing at high rates -although not as high as in the past- in the medium and long-term.
There is one big theme currently driving the changes in the Chinese economy, and this is the development of a large -and still rapidly growing- middle class as a result of years of economic growth.
