On: Shenzhen’s economy under strain: blame the trade war?

[kevstev]

No, but I am surprised that 6.6% growth is a cause of concern, even if it is lower than whatever the previous number may have been.

The last time we saw growth rates above 5% in the US was during the .com boom and even in the midst of it that was considered unsustainable long term.

[Waterluvian → kevstev]

You can't compare US and Chinese growth rates. It's easier to grow when you still have a lot of growing to do.

[onlyrealcuzzo → Waterluvian]

Also when your non-farms workforce participation is increasing, instead of flat or decreasing.

Most of GDP growth comes from 1) population growth, 2) inflation, and 3) non-farms workforce participation.

[lotsofpulp → kevstev]

Any difference in between growth and expected growth can be a problem. If investments were made and money was lent assuming 12% growth, then 6% is going to hurt.