shjerry81 (China)

Just like the train comparison, there is a certain speed limit under the current technology and circumstances, as it goes faster and faster, it becomes increasingly difficult to keep a high acceleration velocity, or else, it may become disastrous. We have to admit that the aggressive expansionary monetary and fiscal policy Chinese government had adopted to cope with world financial crisis several years ago was an effective stimulus to the sluggish economy then and helped us through those bad days. However, it is not a sustainable way for growth and the aftermath has already come, such as the huge amounts of debt carried by provincial or municipal governments, overcapacity of certain industries like steel and iron. A healthy economic slowdown is not a nightmare for us; it will help us grow stronger.