# Prof. Joseph Foudy discusses China's economic growth

1 Faculty News October 28, 2014 ![CNC World logo](/sites/default/files/styles/246w/public/assets/images/con_031421.jpg?itok=hGe_2JA_)>

Excerpt from [CNC World](http://en.cncnews.cn/news/v_show/44383_Experts_on_China_s_economic_growth.shtml) -- "I think we should expect China to grow at a six or seven percent for the next five to ten years or so, and I think that's a new normal. When you grow for ten percent a year for three decades, it's only natural that you'll slow down. It's important to realize that the slowdown is a sign of success not weakness. Every successful economy, as it gets wealthier, transitions from ten percent growth to seven percent growth for a decade or two, to five percent growth and then eventually you are wealthy and you grow at a two to three percent that we see amongst all fully-developed countries."

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