"Where there is a will, there is a way," said the sage Lao Tzu. What does China want today and where does it go? Most of the commentators focus nowadays on the growth slowdown and the impact of the debt accumulated by real estate promoters and local governments on the financial and social stability of the country, which could threaten the global economy. This is not what is at stake.
First, comparing the growth rates over a long period of time is not relevant. In 2005, China had a GDP equivalent to that of France or the UK. Ten years ...