The faith of many pious believers in the China growth story has been shaken a little lately as the Asian economic powerhouse shows signs of a slowdown. China’s GDP slowed to 7.4 per cent in the first three quarters of 2012 from a dazzling high of 9.6 per cent last year.
The price of iron ore — Australia’ most important export earner — went on a wild roller-coaster ride on the back of China’s slowdown concerns, before sanity returned to the market.
After three decades of double-digit growths even during the winter of the global financial crisis, many people have grown accustomed to the China speed. However, the world must brace itself for a slower China, a country that is in search of a new model of growth.
This new model of growth will be discussed at Golden Networking‘s China Leaders Forum 2012, “Political and Economic Challenges for Xi Jinping, China’s President-in-waiting”, conference that will examine the political and economic challenges facing China nowadays and the long-term opportunities that will be created in the world’s largest economy by 2016.