FairAndUnbiased
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I think the current growth rate is OK. I am not a big fun of using GDP as an indicator of economic success. Yes, as CD said, the government pressed too hard on the brake to avoid high inflation. I think it is still better than having a high GDP growth well the price goes out of the control - the latter can potentially cause havocs to the society.
In addition, the quality of GDP is more important than the GDP number itself. I think overall China's economy is getting better, not because of continuous GDP growth, but because compared to 10 or 20 years ago, there're much more Chinese companies competing at the global stage. And average citizen's life gets much better, 20 years ago phone was a luxury and now there's 1.06 billion cellphone users in China. For these reasons, Indian's economy has been a success as well in spite of the current situation.
i agree, the GDP isn't the most important, its whether people are really happy. today more people are happy than 10 years ago. thats what is important.