China's economic development may cease to progress

Source: Marketwatch

China has experienced rapid growth during the past year; however, according to some analysts, the country may not live up to its expectations in the upcoming future. Credit Suisse stated that several factors, which previously contributed to China's growth, now seem to present less potential; one of those impacts being the country's admission to the WTO that boosted China's development during the 2000's. The top leadership in China lowered the country's general benchmark rate for economic growth from 8 percent to 7.5 percent in March. Andie Xie, Rosetta Stone Capital's board member and economist, doubts that the country will manage to reach even the lower mark stating that the days of effortless development are in the past.  

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