Comment in response to Economist article “Flowering Friendliness”
China is playing a game when it comes to growth rates. All the independent think tanks I have seen recently have them above 10% growth pa over the next five years. Indeed only at the weekend, Australian numbers compiled by the private sector, particularly the resources sector, has demands for raw materials returned to pre GFC number by mid year and thereafter exceeding them by 10% or more per annum.
IS China playing these numbers down to justify their misleading projection on military spend, and/or to frighten their population into lessening the demands for social and economic reforms?