Thursday, June 14, 2012

Are Chinese Entrepreneurs really suffering from a stagnation of china´s economy growth?

China is a huge country with tremendous differences. So, to try to talk about the country and its entrepreneurs as it is was a homogeneus reality would be misleading. This is the case, when refearing to its GDP growth.

It is true that real GDP growth in China slowed to 8.1% year on year in the first quarter of 2012, from 8.9% in the last quarter of 2011. It is also true that the aggregate growth rate for the provinces fell to 10.1% in the first quarter, from 11.7% in the previous quarter. However, while the more-developed areas are being hit -Zhejiang, Guangdong, Shanghai and Beijing all saw their GDP growth rates dip below 8%-, the fastest-growing provinces, nearly all in western China, remained relatively robust, recording average growth of above 13%.

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