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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
Does a lower growth rate mean that China's economy has peaked? Michele Geraci, former Undersecretary of State at the Italian Ministry of Economic Development, tells CGTN's Wang Guan that according to the base effect, a growth rate between four percent and five percent now is more significant than a ten percent growth as seen years ago due to a much larger base. He also notes that China's model is adaptive and keeps up with the times to provide "reasonable growth."