Experience Stern | News & Events

Excerpt from CNC World -- "I think we should expect China to grow at a six or seven percent for the next five to ten years or so, and I think that's a new normal. When you grow for ten percent a year for three decades, it's only natural that you'll slow down. It's important to realize that the slowdown is a sign of success not weakness. Every successful economy, as it gets wealthier, transitions from ten percent growth to seven percent growth for a decade or two, to five percent growth and then eventually you are wealthy and you grow at a two to three percent that we see amongst all fully-developed countries."

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