# Prof. Michael Spence is interviewed about China's economic growth

1 Faculty News July 1, 2014 ![](/sites/default/files/styles/246w/public/assets/images/ENCSlogo.jpg?itok=d9Q8HM8r)>

Excerpt from [ECNS](http://www.ecns.cn/2014/07-01/121794.shtml) -- "'If growth dips below 7 percent, the markets will be a little scared, but the reason is either they don't have the information or they don't process it to be able to tell whether it's a transition or a trend. 'A trend means the economy keeps going down. A transition means it's a low, and growth will return with a more sustainable pattern,' [Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) said during an interview on the sidelines of the Jinjialing Fortune Forum 2014 held in Qingdao, Shandong province, on June 21."

[Read more](http://www.ecns.cn/2014/07-01/121794.shtml)