Lessons From A Zhejiang Rebound

Lessons From A Zhejiang Rebound by Ryan Rutkowski, Matthews Asia

Recently, China released its second quarter 2015 economic data showing GDP growth of only 7%. Although this points to faster growth than almost any other world economy, it also reflects a continued gradual slowdown in its pace of growth. Various local authorities also released accompanying regional data, which I found to be much more interesting. Why? China is still a country with large regional differences so the reality can be more nuanced than what is highlighted on a national level. What struck me the most from the regional data were the numbers coming out of the eastern coastal province of Zhejiang. In the first half of 2015, Zhejiang’s GDP reached...