# Professor Joseph Foudy evaluates China's five-year national development plan

1 Faculty News November 12, 2015 ![Xinhua logo](/sites/default/files/styles/246w/public/assets/images/con_030505.jpg?itok=6NqP0rMN)>

Excerpt from [Xinhua](http://news.xinhuanet.com/english/2015-11/13/c_134813308.htm) -- "'I think in the short term the GDP could get worse, \[and\] the process of rebalancing could actually be painful, but a short-term pain to make the country healthier and more vibrant in the future,' said [Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy)."

[Read more](http://news.xinhuanet.com/english/2015-11/13/c_134813308.htm)