Is the Chinese Economy Hitting Stagnation?

[Geee]

Heritage Foundation:

For roughly three decades, the Chinese economy registered a staggering annual growth rate in the vicinity of 10 percent. Over the past four years, however, it has clearly slowed from that breakneck speed.

 

There has also been increased skepticism about the reliability of the old growth figures, and even whether today’s slower pace of expansion can be maintained. These signs and others suggest that China may be entering a period of stagnation.

 

Is this true?

 

While China’s economy recorded its slowest growth in 25 years in 2015, its official number was still a respectable 6.9 percent.

 

Many who follow China are increasingly relying on microeconomic data to assess the direction of China’s economy. This includes electricity consumption, passenger traffic, service sector spending, freight volume, and credit growth.