Jim O’Neill writes: I just spent a week in China, where I participated in the Boao Asia Forum, a conference similar to the annual gathering of the World Economic Forum in Davos. The topic of my panel was what President Xi Jinping has called the Chinese economy\u2019s \u201cnew normal\u201d: an era of relatively slower growth, following three decades of double-digit economic expansion.<\/p>\n
But what strikes me most about China\u2019s economy is how remarkable it is. Indeed, its performance continues to astound me. Though it undoubtedly faces plenty of challenges, the key question is how likely they are to bring down the economy.<\/p>\n
Of the four BRIC countries \u2013 Brazil, Russia, India, and China \u2013 Xi\u2019s is the only one that has met my expectations for growth so far this decade. From 2011 to 2014, the Chinese economy grew at an average annual rate of 8% per year. If it continues to grow by around 7% for the rest of the decade, as the authorities and many observers expect, it will achieve an average pace of expansion of 7.5%, in line with my projections.\u00a0 China’s New Normal<\/strong><\/a><\/p>\n Jim O’Neill writes: I just spent a week in China, where I participated in the Boao Asia Forum, a conference similar to the annual gathering of the World Economic Forum in Davos. The topic of my panel was what President … Continue reading ![\"China](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/04\/China-Thrives.jpg\")
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