British media says China's slowdown is overdone

Global network reporter Zhu Jianku reported that, according to foreign media reports, most Western economists believe that China's economy overtook Japan in the world after the second will continue to expand, in dollar terms, its size in the next 40 years will be more than the United States. This has attracted many organizations to predict that China's economy will not keep growing at a high rate, but will slow down.　　A British media said in response that China's economic slowdown has been overdone. In the 90 's, a similar argument was made to argue that "Asian Dragons" could continue to expand, the FT's January 30 article said. But it turns out they are just a mirage based on Overinvestment. But that is not the case in China. Since the implementation of the reform and Opening-up in 1978, China's efficiency in capital and labor use has been the highest in the world.　　People working harder and having more tools are not enough to generalize about China. The report commented that past examples have also shown that China's economy should be at a time of deceleration. There are a number of potential incentives that could lead to a slowdown in the Chinese economy, such as policy measures to curb soaring food prices.　　In addition, the housing bubble in major cities could burst rather than shrink slowly, with the result likely to have a knock-on effect on overly indebted local governments. The report concludes that even if China slows, it will remain one of the world's largest economies and an important part of the geopolitical discourse. But the hype is likely to be overdone.