showCASE 41 | China’s Economic Growth: Quantity over Quality
In 2012, the National Congress of the Communist Party of China (NCCPC) has set a goal of doubling the 2010 GDP (10.6%) until 2020 to not only celebrate the 100-year anniversary of the NCCPC, but also to accelerate convergence with the USA, the biggest economy in the world. However, China has faced a slowdown since 2015. Hence, the policy makers have been tenuously trying to nurture the economy to fulfill the quotas of the party. As a result, the economy is flourishing on the outside, but remains malignant on the inside.