China Growth Merely Moderating?

In Thomas L. Friedman's book, Hot, Flat and Crowded, He mentions China many times, the country growing its economy faster than anybody.

The mixed picture reflected the uncertainties haunting the global economy. U.S. unemployment and household debt remain high and the country’s property market is still fragile. At the same time, much of the Asia-Pacific region continues to stand out with buoyant, although moderating growth.

Growth in China, which this year leapfrogged Japan to become the second-largest economy in the world, behind the United States, has been supported by a giant government stimulus package and ample lending by state-controlled banks.

The pace of expansion in China has somewhat moderated in recent months, as the government has instructed banks to lend less and as various tools designed to curb speculative investments in the soaring property market have stalled excessive price increases in the sector.

But the manufacturing data on Wednesday, which gave the first insight into how the economy performed in August, showed that the modest slowdown of the past few months had not become a worrying decline.

This article shows how the world is observing China very carefully, and patiently. China is a country that interests and shocks people with their very fast growing and government controlled economy. When the world is facing a big recession, the attention rises even more, people curious of how China will react to challenges that a country can face during a world wide recession. All though this article have mention the decline was "not worrying", This is still something fascinating knowing the past economy rush of China. Something like this "little decline" can happen any time and it might not matter, but it is good to watch China and its unstoppable economy.