It amazes me how market commentators are describing China's lastest 6.8% GDP growth rate as a "contraction" of GDP and that China's economy is "in sharp decline".
Last I checked the words "contraction" and "decline" meant falling GDP, not GDP growing at a softer pace.
Don't these morons understand the difference between GDP and GDP growth.
If China's economy is in decline at 6.8% what have we been doing for the last 30 years averaging 3.3% pa?
