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Economists React: China’s GDP Growth Slows to 7.7%

Chinese economic growth is overly reliant on real estate over the last decade.House price has been more than ten times in the period.

Intractable official corruption and vested interests issues lead our new Prime Minister Li keqing to manage people's expectations downwards,he said at his inaugural conference "sometimes,stirring vested interests may be more difficult than stirring the soul."

Through monoply,state enterprises put companies of privite sectors in jeopardy and damage people's common benefits,as a result gasline and broadband price in China is higher than in America.
 
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