China's growth rate of close to 10 percent per year that was sustained until about 2012 was never going to be sustained indefinitely because export growth could not be sustained at that rate (China became too big and saturated markets) and infrastructure had already become overdeveloped, forcing China to seek new growth drivers.
causalpending
Speaker
Martin WolfEvidence Quote
“the growth rate that China had up to about 2012 so a few years after the financial crisis which was close to 10 a year there wasn't any doubt that that wasn't going to be sustained it was going to slow and the Slowdown occurred partly because export growth couldn't be sustained at that rate because China just become too big and it saturated so many markets [13:27]”
Created: 8/12/2026, 6:24:34 PM
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